I am a former public servant. I earn after 2 years of experience what they paid people with 6. And I don’t work for a FAANG or even a decently funded VC firm, but am guessing that I am now significantly underpaid (initially signed up for it for interesting work, but that went away so fixing that presently). And I live in Canada, where salaries are already compressed.
That working at a not well paying startup can rapidly outpace the government is a huge problem for digital infrastructure.