The obsession is simply around getting a high pay and great benefits at a very stable company. FAANG seems like a high confidence path to more money than employ

The obsession is simply around getting a high pay and great benefits at a very stable company. FAANG seems like a high confidence path to more money than employees probably ever wanted or expected. The reasons behind that are worth considering. We live in an economy that is increasingly consolidated, where massive capital sits with a few giants, where new innovators are easily copied by those giants, where network effects and shady practices discourage new competition. If we had a more competitive economy, with functioning anti trust law, and protections for small innovators rather than giant conglomerates, I think talent might be distributed differently. But otherwise it is rational to look at the situation, realize nothing will be done, and to just work at FAANG and let the dollars roll in.