I think that is a very good assessment. For all the complaining people do about "senior" engineers who can't code for loops and wanting to see more applicants

I think that is a very good assessment. For all the complaining people do about "senior" engineers who can't code for loops and wanting to see more applicants who can code basic programs, there is a chasm the size of the Grand Canyon between being able to code a simple 100-line program and the point that most Valley hiring bars are set at. There are not now, and probably will never be, enough people above those inflated hiring bars to sate all the companies that have them, but none will back off.