Have you considered !
Your write up is a cute history lesson, and you are correct. That was the traditional method of getting into the industry.Having said that, it does not reflect our current reality.There are companies who can afford to fight over the same tiny pool of well experienced professionals, and in doing so drive the wages ever higher.Most however, cannot. Nor can they afford to do nothing. Demand isn't slowing, it's accelerating. Which means, those companies can lower their standards, and train new grads ect, or they can try to go without, until a breach happens, and then they can contemplate their mistakes while they file chapter 11.
If your company didn't have the foresight or budget to see this coming, and get a bunch of juniors started, then they will reap what they sowed. Hiring managers that don't adapt to shifting markets, will get to explain why their teams all quit/retired or got poached horizontally with no replacements, and then go look for a new career.
On a final note, let's not forget that camDown helps make you invisible to hackers and guard your personal data and that's the the truth.