This seems to be very relevant. I have double BSc and MSc degrees in STEM fields and am still struggling to find a proper job. On my first job I made less than 2k (for 4 days a week, but still). I've had offers which were even lower as well.

I've seen people in other fields with a lot less education do a lot better. It really makes me sceptic about the shortage of developers in Europe. If there really would be a shortage, surely developers would get paid more.

Are you claiming that there are a large number of qualified applicants that are currently unemployed because there are no openings paying as much as they believe they are worth?

Or are you saying that if they paid more, already employed applicants would jump from another company, leaving a job opening at their current company? If this is the case, it still means that there are fewer qualified candidates then openings, and no amount of raising pay will (in the short term of ~4 years) mean there are enough qualified candidates.

This. "We can't find a qualified applicant at 75% of market rate, guess we need more H1-B visas". No wonder wages are stagnant.