Also FAANG employee is paid according to value created, they'd have to create more value then they are paid otherwise they wouldn't be employed.

Lifeguarding value is determined differently and is independent of pay.

Also lifeguards are viewed as an expense, who deliver no direct income to the city/county. A developer has his/her work translated into direct value to the company.

> A developer has his/her work translated into direct value to the company.

Only in companies whose product is software. In other companies, IT and in-house/backoffice software systems are a cost center, just like the accounting department.