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> Considering how much value they create with their work, they are massively underpaid.

Nothing preventing them from starting their own business if they believe they can earn much more.

Starting a business might not have anything to do with being a good engineer

Then one has to accept the salary they get then.

Some skill sets are only applicable at massive scale. So it's get hired by the company, or they hire you as a consultant for the project.

Sadly, not everything rolls neatly into a startup.