WHY DON'T TECH COMPANIES PAY THEIR ENGINEERS TO STAY?

Summary from the TLDR Web Dev newsletter

Tech companies should pay their engineers more, especially those with long tenures. Companies often fail to adequately compensate engineers for their accumulated expertise and impact, which leads to higher turnover and attrition. An impact-based compensation structure where salaries are determined by an individual's contribution to the company might be a better way to keep the best employees and pay them well.