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Comment on Ask HN: Why do companies pay new hires more than long time employees?

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I've been seeing the entire opposite. New hires in this shitty economy are getting really smaller offers than they would 2-3 years ago.

One very clear sign of this is if you are in the management side (I am), the amount of REALLY IMPRESSIVE talent that is looking for a new job at the moment is just bonkers.

Recruitment agencies business for developers is a dying kind of business at the moment, companies can directly access top-notch talent by sorting through CVs, running tests etc (typical company recruiting process).

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