No, this is just capitalism at work, and it's normal. Demand exceeds supply for software engineers, because humans need more software than ever before. Unemployment is high. Unemployed workers in other industries want to retrain as software engineers. This is exactly what's "supposed" to happen when workers are displaced from one industry.

You seem to be trying to imply that companies are hiring unqualified workers. I don't see any evidence of that -- do you?