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Being better paid than the lowest of people doesn't make you well compensated. People need to stop making this a rat race and considering pay only by who they make more than.
If Apple devs had the same revenue sharing agreement the NBA players do and received a similar share of Apple’s revenue, the median pay would be around $600k. That’s just the median, think about that.
Just because engineers are well-compensated compared to the rest of the economy doesn’t mean that we can’t benefit from organized labor.
I’d expect the latter to be much harder to replace than that.