FAANG hire maybe the top 5% of SEs. By definition most of us will never get there. Especially if you don’t have the willpower to waste months for training to the interview.
Are they outliers? Most public “name brand” tech companies I can think of out here pay like that. Uber/airbnb/lyft come to mind. Hell, I’m at a under the radar (but still public) company and we get paid the same as FAANG. Sure it’s not the norm, but outlier is a stretch. Especially when you account for the disproportionate headcount at the high paying companies.