I think it is a bigger issue of signaling. Just like going to Harvard or Stanford. Proving you are "good" enough to get a job at FAANG get you pay and RSU but then also sets you up for all future opportunities.
More money allows you to retire earlier (or have a big enough cushion to take time off as sabbatical or to start your own company or whatever), which is a huge benefit IMO.
Moreover, after some level of income the marginal improvement of more money approaches zero...