I would say that people shouldn't automatically default to that thought process though. If you find a company that rewards its employees or values your contributions, don't assume you HAVE to leave. And, as you go further in your career, short term stops will eventually be career limiting.

I've seen the job hops work out but I've also benefited from growing within a company. People should keep their eyes open for a company that values their contributions and rewards it versus purely job hopping as the only path to victory.

Later in a career, you could job hop to get more comp but then you'll cap yourself out at being able to move up to more leadership positions because you don't have the cv to back it up.