I have zero fucks to give for the profits of corporations, and the idea that any of this money will make it into the hands of engineers is ludicrous. If you want higher salaries start a union, otherwise the people at the top (executives + shareholders) will just use any extra profits to pay themselves more. There's no incentive for them to do anything else.
And as a software developer whose income is propped up by adjacency to FAANG: we're paid an inordinate amount compared to our contribution to society. The vast majority of software development makes rich people richer at the expense of everyone else. I've managed to avoid the most egregiously harmful companies my entire career, but the idea that FAANG pay or any pay is meritocratic is just wrong. I'm paid well because my work pays my clients well, not because of anyone involved "deserves" our high salaries.
And as a software developer whose income is propped up by adjacency to FAANG: we're paid an inordinate amount compared to our contribution to society. The vast majority of software development makes rich people richer at the expense of everyone else. I've managed to avoid the most egregiously harmful companies my entire career, but the idea that FAANG pay or any pay is meritocratic is just wrong. I'm paid well because my work pays my clients well, not because of anyone involved "deserves" our high salaries.