What's sad is that a lot of people DO get jobs out of these bootcamps.
The "You don't need to go to school to make 200k/year" wave is strong, because there's the occasional kid who started coding when they were 5 and self taught by coding 60 hours a day instead of playing Pokemon, who then went in a bootcamp to learn Rails and actually did end up successful.
Then everyone use their example and go "see!!! This kid became a tech lead at 21 and is making a truck ton of money instead of wasting their time in college!!"
It's sad and adds a lot of noise to the signal when hiring, since those people are basically trained for a few months to "beat" the interview. Then you have to figure out how to let them go gracefully.
Now, I'm firmly in the camp that thinks not everyone should go to college, and we should invest more in apprenticeship, encourage people to go in fields that aren't as sexy, and all around stop worshiping the diploma. But this isn't the way to do it. Companies have trouble hiring software engineers because many positions require highly qualified people. Pumping out more from bootcamps isn't gonna help that at all.