Hard Finding Good Developers / Designers

I just saw a post by Karl Kapp that discusses the fact that there's a shortage of IT professionals. Some facts he cites:

• In September 2006, IT employment stood at 3,667,100 up 4.2% from 2005 (an all time high)
• 79 percent of IT workers work in IT-reliant companies (health care and financial services, industries enabled by IT but not focused on IT)
• From 2000 to 2004, the number of incoming US undergraduates planning to major in Computer Science dropped by 60%.
• Estimated 1.5 million new computer and IT related job opening between 2002 and 2012

Based on my personal experience in hiring people in Los Angeles and based on the complaints of my fellow members of the Los Angeles CTO Forum, this already has real impact on us. We simply can't find people to fill positions. And off-shore is not always appropriate. I've talked about this issue before in: Computer Science Dying in the US?