these salaries are 1/3rd to 1/10th of what people actually make, and thats not a statistical outlier with the stock appreciation over the last few years
ADDED: It's a difficult problem to solve with one number though. Base salary hasn't been very representative of total comp at the big SV tech companies over the past few years. On the other hand, there's not necessarily reason to believe that the past 5 years or so will be representative of the next 5 years--even if RSUs and bonuses are still relevant to a certain degree.
An "L5" position is very similar to what is written on Levels.fyi and Blind, no matter what macroeconomic factors made it so across the board
On the other hand, the fact that your comp could drop by $100K next year because your company's stock was flat or a bit down is probably at least somewhat relevant.
Sure, but that applies to cash-comp too, for companies paying big cash bonuses instead of equity.
If the overall economic environment turns downward, your share grants if paid in equity are gonna be worth less than in the last 5 years, and if paid in cash, your cash bonuses are likely to fall off as well.