[muskox2]

I think this is true, but all things being equal employees will value $1 in salary much more than $1 in equity. So to get the same impact of higher salary, you have to give a large amount of equity. There are pros and cons.

[ayushchat]

yes, agreed. But increasing salary = increasing worker satisfaction at current position, not necessarily a push for future growth and subsequent stock growth

Increased equity = Push employees to work for company stock growth.

But yes, $1 equity is not same as $1 salary to the employees