They're kinda the main thing I'm talking about here. Everyone knows perfectly well you can gain huge amounts by working at FAANG companies, that's not in doubt. The question is at what cost, do the people doing it see their companies for what they are, and why do people continue to work there if they do. I'm sure being CEO of Phillip Morris or Palantir or Exxon-Mobile is quite lucrative, but I'll pass.
Many people just need a job, and I don't begrudge anyone taking a job they need to support themselves or their families. But the kind of talent FAANG companies hire can likely work anywhere and are higher up the socioeconomic ladder. They have choices most others don't. And too many, in my opinion, work to get people to click ads and sell people's data.
Plus, oftentimes the job app requirements are pretty general and loose, as opposed to all those shitty firms that want entry-level engineers to have graduated in the past 6 mos, and have experience with 10 different Javascript frameworks. (And then underpay them and work the hell out of them.) I know I saw a lot of those when I was leaving college in 2017/18.