What happens when most companies do this?
During the 10s, every dev out there was screaming "everyone should learn to code and get a job coding". During the 20s, many devs are being laid off.
For a field full of self-professed smart and logic people, devs do seem to be making tons of irrational choices.
Are we in need of more devs or in need of more skilled devs? Do we necessarily need more software written? Look at npm, the world is flooding in poorly written software that is a null reference exception away from crashing.