That was amusingly written but I'm not sure it rebuts the comment it responds to. Yes, you can also work to increase underlying supply instead of bidding up the price. And?

Smart companies already do things to skirt credentialized recruitment paths, because credentials (especially academic ones) are extremely inefficient, at least in software.

This isn't so much "insightful" as it is a basic obvious direct result of the law of supply and demand.