There is one company in Hamburg that sends their candidates a test from Codility whose difficulty is way higher than the ones from Google/FB, all for positions that pay between 40-100k (heavy bias to lower bound), in office where utmost discipline is required. They use bad results in negotiation to lower offers and then are surprised when most candidates walk away and they can't get any people working for them.
Yep, many companies are choosing beggars; wondering why they can't attract/retain talent. I actually saw a megacorp quoting some study that said millenials "...don't care about money and are looking for fulfillment". While I'm sure that's true for some percentage of any population, I'd be surprised if they raised their wages and their hiring troubles persisted.