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what's the highest increase in salary you've had or seen?
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That is correct. It's really always been like that.
There's far fewer IT organizations that can safely hire rookies than there are rookies in the field. The correct solution for employers is to get better at their setup so that they can hire rookies, but that's a genuinely difficult challenge that many organizations simply don't have the leadership will or savy to solve.
I'm still incredibly thankful to my first boss for taking a risk giving me a chance to break into the field.