Excludes stock based compensation. Which is most compensation for tech. workers. I know people working at Open AI & they are very much looking for an eventual payout from the stock grants.
For companies like Meta, it’s close to 3x their actual “salary” so do the math. $200,000 salaries with $500,000 stock grants / year being common.
Stock thing can be a bit of a scam though. Amazon for instance won’t let you cash out before five or four years.