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A comment on Ask HN: Why not more hiring of junior devs, then on-the-job-training?. Parent comment
You could argue that head hunted employees that's a good match for the job they leave for probably get higher salary.
The current job of a dev is more likely to be the first job for the dev (after job jumping it's never the first job).
Since the dev age pyramid is quite base heavy, job jumping is a indirect measurement of more experience.
Just being able to job jump is a indirect measure that you are sought after and that brings higher wages.
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You could argue that head hunted employees that's a good match for the job they leave for probably get higher salary.
The current job of a dev is more likely to be the first job for the dev (after job jumping it's never the first job).
Since the dev age pyramid is quite base heavy, job jumping is a indirect measurement of more experience.
Just being able to job jump is a indirect measure that you are sought after and that brings higher wages.