I'm not the guy who says he should be compensated for take-home tests above. I am however a senior engineer. I'm spurning any long interview processes because they cost money. I don't think it's entitlement, but if that's what you want to call it, so be it. It's called hours worked, hours paid, and in the West it's been a concept since at least the 18th century.
Individual consultant: loses 5 hours of interview time (and commute time) or take-home exam. Let's call it $800 for the sake of argument.
Company: loses 5 hours of interview time, plus the time it takes to "quiz" the exam.
Individual loses money that he / she uses to pay their mortgage.
Company loses profit because the time spent interviewing the candidate could have been spent working on feature Y of the application. So shareholders / VC's lose.
So you're saying it's fair that the individual contributor who loses half a day's pay in your interview process is equivalent (you DID use the word "fair" so that's an equivalence argument you made) to a company's loss of a few hours out of the many thousands of man-hours they rely upon? It's a .0001% of their profit, assuming the employers don't work a few hours more to make up for the lost time, because they will (they're salaried!)
The elitism of some engineers is mind boggling, instead of being grateful working in an industry that has so much demand that you can easily find a job at anytime, you complain about the process being insulting to your oh-so-important persona.
If i really want to work for a certain company because what they are doing excites me, then yes, i'd do a 6 hour take home test where I can probably also learn a thing or two and I am willing to bet a lot of other developers would too. As an interviewer, someone charging >$1000 for a take home test would be an immediate red flag and our mindsets probably don't match up.
If this works fine for you, kudos.