Yeah, as the other reply said, that 400k L5a (Senior I) Uber job in SF is now paying 580k first year & ~520k/year annualized over 4 years (increased stock grants, large sign-on bonuses, front-loaded vesting). Amazon increased the top of their mid-level payband by ~100k and the top of their senior payband by ~200k. 500k/year is the new "target" senior comp at FAANG & co (where previously 350-400k was what you were looking for). The international numbers are playing catch-up but it's not really slowing things down very much in the US.

Top SF pay is increasing faster than 5 years ago, not slower. The same appears to be true in NL. My interpretation is that NL group 3 salaries are going towards SF but are kept lower by the lack of a local middle market and the various difficulties pulling in devs from a smaller country in a different time zone from most big players.