The invisible hand of the market is playing games with promises of AI allowing one senior to do the work of a senior and 4 juniors.

Whether or not it works will be something we find out long past the early-experience tenure of those junior engineers.

The invisible hand of the market is saying to hire offshore

Anectodally, I've seen that some newly graduated engineers prefer to forgo the job search altogether, rather than lower their comp demands to get a foot in the door.

Depends on what you think the cause is. They can’t work for $20 a month legally in most cases.