Tech workers aren’t as rich as they used to be

Tommy York grew up in San Francisco but was far from his goal of saving enough money to buy a home in the uber pricey market—until he landed an engineering job at Google.

It was December 2021, and the shares of Google parent Alphabet had just hit a record high. Mr. York’s pay package included a $175,000 stock grant to be paid out over four years. The success of the $2 trillion company would be his, too.