My company has approximately 1,000 open positions for engineers. Not "build a website" or "use AI to sell ads" engineer but "build a TX tuner for spaceborne synthetic aperture radar from scratch" engineer.
We don't grant massive quantities of stock as part of a get rich quick lottery scheme, but I make over 3x the current US annual household income in an area where a 4 bedroom house on an acre and a half is $400k and that's enough. Anyone who thinks that isn't enough is crazy-- sociopathic, even.
Maybe there's not a shortage of biology and IT skills and coding bootcamp grads but there is a shortage of people who took, and paid attention in, a linear algebra class.
There is 100%, irrefutably, undoubtedly, unquestionably, a shortage of engineers. Actual engineers not "use AI to sell crypto ads" engineers.