We get the math, what is less plausible is 40k raise every year for five years while remaining on the same team doing the same job. Few jobs pay $200,000 at all, very very few pay so well that two people with the same role could be $200k apart. It's not impossible, of course, but that would be an extremely rare situation.
200k is the starting developer comp at a FAANG. As you rise in level, 200k becomes the comp range within a level (eg take a look at levels.fyi range for a Google L6 SWE). Same in finance.
Agree that these jobs are few in the grand scheme of things but there are hundreds of thousands of people for whom this type of comp is reality.
People can start at the same level out of school and then make MULTIPLES of that comp depending on what they do.
If this doesn't apply to you, it doesn't apply to you. I am just pointing out that bailing because "this hour of overtime is not compensated" can be very nearsighted depending on your situation.
Specifically, I am talking about someone I know who had this attitude in a company that very clearly rewarded value generation. He did "ok" since it was a great company but he literally had the situation I am describing where others were making 200k more than him 5 years later.
