no evidence of skills/talent shortage
No evidence has been presented of a skills or talent shortage in the UK, in the USA, in Germany or France or Italy or Japan. A lot of evidence has been presented that there are no such shortages.
Compensation is not soaring and in some cases is not keeping up with inflation to allow maintenance of quality of living. Employers are not actually behaving as though they are eager to hire the best talent. Instead, domestic and cross-border bodyshopping have been increasing.
All we've seen is a few individuals with a personal interest -- with money and power to get for themselves -- claiming a shortage, without actually backing up such claims with any evidence. It's "because I say so".
But "IT" was never, ever cool. Inventing and developing killer apps (especially for science and engineering) was cool, but very little of that is allowed to take place as we are inundated under privacy violation schemes... and bodyshopping.