Right. But the point is, if you're already at a FAANG earning a huge salary, and you don't know if you're going to get laid off, you can either a) wait and hope for the best, or b) leave and get a job at a lower salary.
I think most would choose a).
HN seems to think it is the birthright of a good dev to get a $450k salary...just "because"
look at it from the other side of the table...you have 300 great resumes for a position...why do you have to offer a premium salary?
counterpoint: these salaries were a blip and will never return in nominal form (let alone inflation adjusted) for many devs ever again