computer job market is a huge misallocation of skills and resources, so no it's not that simple. Given how much tech debt/backlog there is, there should be enough work for everyone, just paid less. The fact that it isn't so just shows that there are bottlenecks elsewhere - HR, companies stuck in office only mode (so there's a high floor on salaries).

Currently all I see is a mix of very highly paid do it all types with rather lowly paid outsourced talent but no sensible middle and of course no way to realistically learn on the job - the bar to get in is very high.

Interest rates really aren't that high. Lowering them 3% just means you get a few more years before shit goes tits up.

Fundamentals are the problem, if there's no new avenues for economic growth, then there is no way to pay down the debt.

Doubt the bootcamps made a measurable difference in the tech hiring market.