I agree with some of your points and disagree with some. (Hey that's a good start for a conversation isn't it?)
- Shortage of talent => yep, it's just like you say/
- Wokeness => this does affect employees if they're white and male, because you are less likely to be promoted due to your skin color and what's dangling between your legs, especially for leadership positions. While you mention money, promotions aren't just about money. It's about impact and passion too, especially with "rock stars" or anyone who actually likes and cares about the work they do.
- Money => No, money matters. At some point you gotta retire, because the older you get the slower you get (despite everyone telling you otherwise, it's a lie of course). If you work in the silicon valley / bay area, maybe you even dream about buying a house. Good luck with that if you make 200k/year. If you're making millions, yeah, 20%, who cares.
- Google, FB, etc. pay more than most companies and has perks. Check levels.fyi, its pretty accurate overall. I know plenty of people who would go work nearly anywhere if the pay was much higher. Again, if they all made millions already they wouldnt care. But they don't.