When I ask programmers about this, they say that those recruiters aren't after "star" graduates, they're after the few competent ones.
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I.E. the average CS graduate can write a program about as well as the average English graduate can write a novel.
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Ask a programmer about "fizzbuzz" at some point, but be prepared for a very strong reaction.
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Very easy programming question most job applicants inexplicably fail. See eg https://blog.codinghorror.com/why-cant-programmers-program/ … orhttps://softwareengineering.stackexchange.com/questions/15623/fizzbuzz-really …
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A lot of what I've seen makes sense if ~25% of STEM graduates have even minimal competence, and these people are in high demand
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Though this agrees with your thesis that more STEM graduates might not do much, since unlikely that marginal student will be in this group.
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Have you read
@danluu on developer hiring ? https://danluu.com/programmer-moneyball/ … https://danluu.com/hiring-lemons/ -
There is a lot of truth in those links. Note also how important are various non-tangible signals - proof of passion, nonspecific culture fit
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That would be "lack of experienced coders wanting to live in SV and work for startup" (simultaneously being less then 30 years old :) ).
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