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This is conflating so many different problems.

The work you do at a FAANG is generally much simpler than what you prepare for the interview. If I were them I would just split the streams: hard interviews and high pay for incredible talent and just pair programming / entry level pay for entry level developers.

I have senior engineer friends who got hired at Google for basically doing overpaid crud API all day. You could have that for a fraction of the price and without wasting a senior's time on that crap.

FAANGs complaining about lack of developers have only themselves to blame. I rarely heard it's a problem for them, though: the high salaries attract a never ending stream of talent willing to prepare for whatever interview they can think of.

Smaller companies with lower compensations and less valuable stock have much bigger problems. Finding people who are able to code is not trivial if you don't have FAANG's money.

You have no idea how many people I've seen coming to mid / senior interview (no algorithms, just pair programming) lacking basic programming skills.



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