So when the company you are going to work for is going to pay you less in cash, likely require you to work harder, and not offer any guarantee that they will be in existence in two years, you are taking a ton more risk for less reward. Financially it does not make sense, so you better be in it because you enjoy the work that much more than a big company.
Bottom line is that startups are going to need to pay more money to attract talent. The secret is out on common shares and what happens with liquidation preferences.
As for how YC could solve this, perhaps they offer an unemployment supplement to those who are laid off. Help talented folks reduce their risk and you will find it easier to recruit.