Honestly, I think it depends on where you are looking. Over in the Midwest we have had trouble finding SDEs, maybe it's because in my area starting pay is in that 65-80k range and I know alot of grads shoot for the startup/FAANG 100k+ pay but in the rest of the tech world I would say more people are moving around because there are so many open roles and not enough people to fill them.

I have been an engineer for over 10 years now, and my advice would be to widen your search and seek out experience and when your ready to level up leverage that experience to move into the pay/role/company you want.