What SV magnates are saying by "labor shortage" or "skills shortage" is that they want higher profits. What SV workers are saying by "no skills shortage" is tha

What SV magnates are saying by "labor shortage" or "skills shortage" is that they want higher profits. What SV workers are saying by "no skills shortage" is that they want the same or higher wages. If Netflix magically halved their wage bill they would likely keep their price the same since how much a Netflix devops engineer gets paid doesn't change how much a family in Peoria is prepared to pay for a Netflix subscription.