We would all agree that there's a RAM shortage right now, even though you can technically still buy RAM at an exorbitant price.
It's not disingenuous to say that America's talent pricing has created a genuine shortage in the country. It's simple supply and demand.
Sorry. That is double-speak. Yes, there is a shortage of cheap talent; but there is no shortage of skills and no shortage of labor. If you want cheap labor, corps are welcome to move offshore.