If the problem is overhiring not underhiring then there's no market failure: companies waste dumb money on hiring reams of sexy culture fits, smarter/leaner com

If the problem is overhiring not underhiring then there's no market failure: companies waste dumb money on hiring reams of sexy culture fits, smarter/leaner companies hire broadly but selectively at appropriate volumes. Older and otherwise non-traditional devs miss out on an undeserved windfall, but the market pressure is on drying up the hiring binge not on broadening the high-demand pool.