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Nitpick - where are you seeing those 300K offers? Is that beyond senior dev, because all I see is 100-150K for roles in the Valley (via linkedin and all the salary comparison sites).

FAANGs pay 300+ for Senior Engineer roles if you include equity. Many offers are above 400. Check levels.fyi for the most reliable data.

But once you get to Amazon, you probably do start to have a decent choice.

But the people working those jobs don't have recruiters beating down the door offering them other jobs.