Being a contractor means less income security than an employee, higher and more complicated taxes, and no benefits. There is not much "glamour and prestige" eit

Being a contractor means less income security than an employee, higher and more complicated taxes, and no benefits. There is not much "glamour and prestige" either. Frankly most contractors do not make as much as FAANG employees, and even if they did, they would end up keeping less of it because of the taxes and paying for their own health care etc. Even contractors contracted by FAANG companies make less money than full-time employees at those companies.