This may sound stupid speaking as a non-american engineer, but do engineers really need to earn insane amounts? We already earn well above average, don't have

This may sound stupid speaking as a non-american engineer, but do engineers really need to earn insane amounts? We already earn well above average, don't have to pay healthcare and bay area rent. I don't see many experienced devs/engineers complaining that they're not paid double like americans, because we already earn enough to keep us in a decently above average lifestyle.