Hard to take this seriously with all the straw men and broad generalizations. Reality check: there has never been a hotter seller's market for software engineering talent. The fact that you have not landed a job does not mean that supply is not short in general. Rather than blowing your stack at some recruiter who you heard on a podcast interview, you might want to reflect on yourself and how you might be coming off…
It's basically both. When I graduated with my CS degree, I was _thrilled_ to be offered 50k. Now new grads feel lowballed at 200k TC. So hard not to say that the market hasn't adjusted somewhat. At the same time, part of the reason companies even have to pay so much is because they've made interviewing so damn hard. I personally know many people at great companies like Google and Twitter who are _desperate_ to change…
It might have something to do with increasing property prices.