This assumes all roles at the company are equally able to exit the company in the midst of a global pandemic and find opportune work with the same growth opportunities, salary, and locality.
I.e. the “people who are able to exit” group may not overlap the 5% that would have resigned because they were already searching for something.
The GP’s (codezero) point above still seems valid to me because of that.
Bitcoin isn't hurting, either.
Ecommerce is booming, but you're not likely to get a job in support/services which is likely already filled with experienced folks at most companies, and isn't likely to churn in a pandemic.
There are a lot of pockets like this, but they mostly benefit software engineers and more experienced roles. It's pretty common on HN for folks to assume that everyone has the role/job fluidity as your average tech person, or worse, your average software engineer.
Lots of folks "in tech" aren't really deeply into tech, so it's even more difficult for them to navigate a chaotic time.