And yes of course such costs are nothing if you are thinking of $300K just on a couple sysadmins. But this is just a bizarre bubble in a handful of small areas in the US and I am not sure how it can stay like that for much longer in this era of remote work.
We built a whole business with $100K in seed and a few government grants. I have worked with quite a few world-class senior engineers happily making 40K-70K.