Yeah exactly. Many of these founders are on their 2nd startup and are already millionaires. Some poor nth employee is in fact risking a lot by e.g. quitting their nice life in a city by relocating, or quitting a promising career. Yet the founders' massively disporportionate ownership is chucked off to "risk".
I for one hope for market forces that will rebalance these discrepancies. Talented 1st employee shouldering most of the technical brunt taking <1% plus dilution is selling oneself to the dogs.