Earlier quoted context omitted.
Note some good US universities pay entry-level FAANG salaries to assistant professors. If you can negotiate a low teaching load, it might be OK in some cases. Nonetheless, I agree with what you say. I'd add there is a ton of nasty politics, bullying, etc. which might be hard to avoid while you are on tenure track chasing tenure.
I doubt that. What does UCLA pay entering STEM AI faculty? FAANG salaries for MS in CS at or above $300k. Starting salary in genomics, stats, ML and AI in a very well funded medical college with PhD and 4-year postdoc is less than half that.
From what my friends got in academia and industry, I'd say at entry-level, professors at good schools are competitive with FAANG salaries, particularly when the cost of living is lower where the university is located. The raises and promos lead industry people to outpace them though because of the lower ceiling in academia.