I'm not seeing TC having gone up over the last 7-8 years with those "notoriously generous comp packages" places. Your typical senior eng at FAANG is still getting $350-450k/yr TC. Yet, inflation has changed a lot and the stocks at these companies have skyrocketed. They're only raising the bar in terms of competition for employees to stick with the company and not with their compensation.

I lose interest in salary equity discussions when the entire range we're discussing is more than I currently make. :)