Believe it or not, some companies are run by people who just want to sell widgets and get on with life. Some of them even have morals! Shocking, I know. Smaller companies, sure, but they'll still pay you a good living wage anywhere but SV. Not every boss is a megalomaniac.
Those "overemployed" people are your bosses, indeed unable to keep up, steering you into the situation of "those people at Palantir".
When things spiral downward, telling yourself how you're "relatively fine still" with blinders on short-term, "works" just up to hitting solid ground.