You're getting caught up on "soul-draining," but FAANG's and adjacent are generally acknowledged to have the highest TC. It would be useful to know what the statistics are with these outlier companies removed.
You can obviously exclude the top 25 percentile of salaries, since the app shows breakdowns by percentage, but I doubt levels.fyi has accurate data on the number of employees of each company in a particular region.
FAANG (and a few FAANG-adjacent) companies are the only ones paying close to decent wages, and even they've been making frankly egregious cuts to their protein-bar budgets lately.
Let's not sit around manufacturing skewed datasets that give people the wrong idea about what software engineers should get paid.
TL;DR: I love being an engineer in the Bay Area, but we truly are a bubble.