[phpisthebest]

You have made alot of assumptions

First and foremost there are many times when leverage is not on the employers side, today it often is not as there are more open jobs than people to fill them. Given the current population decline this trend will likely continue unless we see massive reduction in the number of employers.

Then there is the assumption that the dream job is working at a FAANG company. Many people, myself included, avoid large companies like the plague. Even if a large public company wanted to pay me 2x what I make now I would infact turn that down.

Finally there are multiple studies that show there is a wage curve which in today's dollars any salary above around 80-90K (average US COL, Adjust where needed for high COL regions) there is a reduction in how much the base salary factors into job choice. Instead other things start to play larger factors in the choice to accept an offer.