That is - regardless of people who already have 4 year degrees or not, in the private sector both categories of people who are already established and accomplished would have much more earning power.
Has this changed recently? If not I still think most of the best talent would be going to private sector. Sure with the recent amount of layoffs and what I've heard people saying is a general reduction in earnings for software devs and IT positions some people are looking for basically anything. While those are great people, the people doing the most impactful work likely weren't laid off in the first place in the majority of companies.
Why 1-2 engineers? Security patches / Internal service deprecation / Migration / Use of deprecated dependency / etc
I wish this wasn’t so. At a previous job I had a VP tell me that my team was like a public utility and I took that as a compliment. Later my boss explained they were saying that they only noticed my team when something was broken. Sort of explained my lack of career progression in retrospect.