> If Stripe can't find enough programmers to fill their needs...

... then allocating the programmers they have to sifting through a completely open "jobs" mailbox is still probably not a good idea.

> At some point, the business cycle will swing the other way, and it will become necessary for programmers to put our time into hunting for companies who want to hire even one programmer.

For the level of programmer competence we're talking about here, that hasn't happened yet.