Comment by pcurve

Another unpopular opinion: If I think about the reasons why asset managers PMs in finance are overpaid, it's because they created elaborate rent seeking structure in society and industry, with disequilibrium in penalty vs reward. Same thing for lawyers in big firms.

I would argue the engineers in big techs also have benefited from the rent seeking structure. The only reason why they're not enjoying bigger payout is because the actual structure was created by the big tech companies, and not through coordinated effort by engineers. As a result, they reap less reward as they're just highly paid henchmen, and not the bosses.