[jeffe]

At the risk of being trite, the response to FAANG employees being underpaid is also more or less 'you're underpaid, brah, go get another job!'. The bar for hiring and compensation is much higher, but management still wants to minimizing costs. This means systematically limiting internal salary growth, and hiring external rockstars at higher salaries to replace the internal rockstars that leave. Overall, it seems to be more effective to spend a couple months preparing/interviewing for the role you want than navigating the internal bureaucracy for an indefinite amount of time on the order of years.