I'm European so I'm unsure as to how the situation is in the states but here the situation is as follows: it's plenty of "developers" that taught themselves cod

I'm European so I'm unsure as to how the situation is in the states but here the situation is as follows: it's plenty of "developers" that taught themselves coding trough udemy or similar courses and can effectively code basic stuff in one or two languages. While I'm not trying in any way to devalue their knowledge or expertise in my experience a self taught developer will, on average, produce worse code and will ask for a lower pay. For employers though this doesn't matter because they mostly watch at the finished product and we all know "that guy" that can ship a feature in a week when testing/engineering alone would require two. It follows that there's a market saturation for entry level positions for low-end companies because they don't see the need to hire engineers or people with a degree that ask more while delivering "the same product". In my experience this changes when a company is more professional and there really is a lack of professional software engineers.