Is this true?

Why is the person switching jobs reading a book and other one scrolling insta 😂

True in most cases, but some companies do pay well and give increments/promotions each or every 2 years

2 important things to note -

1. The amount of money you make depends on the amount of leverage you create/Impact you create
2. And your ability to sell yourself as the person who can do those things

It really doesn't matter if you start at low salary or keep on hopping

So true ! If you don’t see growth potential then leave. Initial 5-7 yrs are very important to increase your pay scale. After that it will become a little difficult.

Very very true especially in service based

Nope

Yes, its my rule of thumb to stay in company ~3 years on an average

Yes yes! One should not change their job frequently! They should stay atleast 3 years in one organisation.

Yes it is 100% true.

It depends