Of course, a company can only reasonably offer a million dollar salary if that hire will increase their revenue by over a million. I'm guessing that's a pretty rare hire.
He's being hyperbolic, but his point stands. Fact is, there is no talent shortage, there's simply a shortage of startups who understand that you can't nickel and dime engineers or refuse to pay market rates. Whining about it does nothing to solve the problem. David "Pardo" Keppel said it best:
"There's no shortage of smart, hardworking engineers. There's a shortage of smart, hardworking engineers willing to work for very little money."
If you're having trouble hiring, it's probably because you're not paying enough. It turns out that talented people are worth paying a lot for.
