My anecdotal experience: The best jobs in my career were the medium-pay, medium-expectations jobs.
Most (but not all) of the very high paying jobs I've had also came with very high expectations. They were paying a lot of money and they knew that people didn't have many other options to get paychecks that large. Managers were compensated on performance of their teams, so they had to extract as much work as possible to get the maximum pay. They knew that they could post a job ad tomorrow with the high salary listed and it would attract hordes of qualified applicants who wanted that paycheck.
I never got to experience the golden era of certain FAANG companies where many people were making bank and few people were ever fired.
Likewise, the lowest paying jobs I've had were also terrible. They had no concept of anything other than extracting work from people for minimum pay. They kept everyone tired, demoralized, and afraid of being fired. People don't search for other jobs as much when they're constantly burned out and overwhelmed.
The sweet spot, for me, has been right in the middle. Good pay (great, relative to all professions), but not top of market pay, and reasonable expectations. Surrounded by a mix of people from different ages but with a lot of parents who have families at home. If I interview somewhere and it's nothing but mid 20s people who don't have families, I stay away because they have much worse concept of work-life balance in my experience.