That's because the business that is giving you some equity as compensation is underpaying you, and instead choose to pay with a cheaper alternative (cash).
The fact that the business is able to pay you such high cash rates means that the business is very profitable. I'd argue that the business is extracting some 90-95% of all the value you create, and leaving you a tiny bit (which is still high, and therefore, you get a good salary). But look at the people who owns the assets you create as part of your job - their networth is growing tremendously - much more than yours is through enumeration. This is only true because you are underpaid relative to the value derived from your work.
That's because the business that is giving you some equity as compensation is underpaying you, and instead choose to pay with a cheaper alternative (cash).
The fact that the business is able to pay you such high cash rates means that the business is very profitable. I'd argue that the business is extracting some 90-95% of all the value you create, and leaving you a tiny bit (which is still high, and therefore, you get a good salary). But look at the people who owns the assets you create as part of your job - their networth is growing tremendously - much more than yours is through enumeration. This is only true because you are underpaid relative to the value derived from your work.