Which is not good. Developer have to do something productive for economy. Their wages should be bound to value they produce. If they are consistently paid more then they are producing, whole sector is heading into collapse.
In healthy job market, job ads are going to attract employee with salary based on value that employee is going to produce. Failure to attract her does not mean someone is irrational or wages are low. It just means there is a lot of low-value work for developers in this world. Someone will notice that and maybe innovate those jobs away or something.