> On the flip side at my work (FAANG, not remote) we barely get any CVs from people who can pass the technical screening. Most the candidate fail so badly it’s not even funny

Same experience in multiple YC startups whose payment isn't even that competitive. Half of the resumes don't match the qualification, and on top of that the freelancing recruiter doesn't even seem to care. Lately I resorted to hiring from my own network.