I find the idea that "you should expect less out of bootcamp grads" more harmful than helpful. The stigma of coming from a bootcamp is real in software, and this reinforces it. In my experience, there are certainly bootcamp grads out there who have strong algorithm skills.
It is also much easier to teach a CS grad webdev or whatever, than to teach a Bootcamp grad the analytical skills for harder CS concepts. There is also a greater filtering process from CS than BC, I find many who go to Bootcamp not really enthused about the subject, more the salaries.
Of course there are some, there's always outliers. Is that the norm though? Are Bootcamps focused on teaching algorithms?
The expectation for Bootcamp grads that are applying to junior dev jobs should be that they aren't experts in algorithms. That's what I stated in my comment. That's great if they have algorithm skills and want to apply to higher level roles, power to them.