The key point here is the “pay less” part. I know people that have turned down offers from meta that would 5x their salary and their personal situation would notably improve from at least some of that extra cash.

The OP is a bit preachy and maybe some employees really don’t have any other options even with accepting lower salaries, but the majority should at least realise the golden handcuffs their bound by even if they choose not to act on them.