According to the Insitution of Engineering and Technology in the UK, Computer Science students are more likely to be unemployed than graduates of any other STEM subject (16%).

Computer Science graduates are more likely to be unemployed 6 months after graduating than Social Studies, or All Graduates, both of which are ~10%.

I realize these figures are for America, but I have to suspect something is up. Outside Silicon Valley, software industry wages don't reflect a deficit like that. In the UK, Finance and Management graduate programs remain much better paid than Software Engineering, with better wage prospects. I think if there really was the lack of talent described, we'd see a correction.

(Figures 2011-2012, Page 4 IET Magazine Vol 8 Issue 7)