[ci5er]

I agree with you philosophically, but what you are describing is a market clearing price. That is, regardless of the price, there are not infinite bananas. Even at one million dollars per pound, there is no way for us to allocate bananas that do not exist. At some point, at some price, people simply say: "well, I guess I want no bananas today".

When nominal demand far outstrips nominal supply, I think it's fair to call it a shortage. Temporary. It will correct. In a less than a decade.

It's funny - the management ego part that is in alignment with your comment (that "there is no shortage")... Because coders have become the modern blue-collar assembly line worker, management types often want to pay assembly line worker prices, and are having a difficult time coming to grips with the fact that these workers might make more money than they do. Outrageous!