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Comment by Ultimatt
I actually think there is a different effect at play which is the technical need is growing in seniority and complexity as people have large established software systems. The junior market has high accessibility but the senior actually takes a while to get anyone through the door. My current job had been advertised for 6 months, it needed a relatively insane set of knowledge and skills where I only really had maybe 50-60% of the ask. I literally had to learn all of GCP from scratch and I was still a better fit than you're likely to find. I think this is also the same trend AI is making worse as the demand for junior also goes down you'll see these averages climb as most hiring becomes more senior.