It is, but only for a very short time. `Evaporative cooling' and `dead sea effect' will quickly cause the better employees to jump the ship and the weaker to remain solidly entrenched.

Usually, but I spent a significant amount of time in an organization where even many of the good employees thought there was nowhere better to jump to or that such a transition was not feasible. Given the difficulty I had in getting out of there myself, I can understand where the latter feelings came from.

How much of that was due to your local job market, and how much of it was due to psychological conditioning from the company culture leading everyone to believe that it was hard to get out?