It's a market failure. A difficult one to solve, but not impossible. There's a mismatch between skillset in the workforce and what is required by the employers

It's a market failure. A difficult one to solve, but not impossible. There's a mismatch between skillset in the workforce and what is required by the employers. The way around it as an employer is to hire for potential, not actuality and train the people you hire to become the ones you need. Some companies realize this and get out of the quagmire faster. The issue becomes a lot worse when there's a bubble, such as the current AI gold rush, where finding people with actual experience is very very hard.