Can you not see how there's a massive barrier to doing that? That's exactly why there's not enough of a competitive labor market. And at that point, they're not doing their job anymore: they're doing the CEO's.

>Can you not see how there's a massive barrier to doing that

yeah, business is hard. FAANG paying a very cushy salary is relatively easier. The ambitious would still consider such a choice tho, and those are the ones they want to keep in their own company instead of as a future competitor. They literally paid off a competitive labor market.