Software companies may see themselves as being very selective about who they hire. Out of 200 applicants, they may hire just one or two. However, that doesn't necessarily mean that they're hiring the top 1%. The programmers who weren't hired are likely to apply for jobs somewhere else. Overall, the worst programmers will apply for many more jobs over the course of their careers than the best. So programmers who are applying for a particular job are not representative of programmers as a whole. This phenomenon probably shows up in other places as well.
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