Is there currently a lack of Computer Science majors?

I noted your teacher's use of the word "qualified."  Anecdotal evidence from some friends in the Silicon Valley startup scene suggests that there are plenty of contract software developers for hire--many of whom are not qualified (i.e., they write lousy and hard to maintain code).  Unfortunately, it can be hard to detect these people until it's too late. Something similar may also be going on in law.  There seems to be a lack of qualified legal graduates, but no shortage of law schools graduating students who end up being poor candidates for legal positions. Some people think that the solution should be to pour more people into the top of the funnel.  I think both the legal profession and the software industry would benefit from trying to draw and filter higher quality talent into their pipelines (i.e., high school kids for software, college juniors for law school) by developing genuine interest, rather than try to draw everyone in with the lure of stable, high paying jobs.

So many of the entry level computer science jobs (such as report writers) are being filled by inexpensive contract H1B workers that many companies are able to hire all of there entry level people at less than $55 hr contract rate.  No before you get excited a large portion of the contract rate goes to the contract firm that holds their H1B paperwork. So the companies get their reports cheap and don't have to pay any benefits such as vacation, sick leave, medical dental or eyecare.  They also can send the contractor back to their agency on a moment's notice if they don't workout and they just send that person on to the next company.  Our company is about 70% H1B Indian now, 10% H1B other nationalities and and 20% higher paid Americans.  This is not how the program was designed to work!  They also off shore large amounts of project back to India and use the H1Bs to  project manage (translate requirements to Indian) for them.  Until we get a president who cares more about American jobs than corporate lobbyists this travesty will continue.  The H1B program is valid in an economy where we near full employment 4% but definitely not when our unemployment is running this high.  People in the IT industry used to be in demand but the smart ones have already moved to other fields.  The rest of us keep learning new skills trying to keep our heads above water, hoping for a day when the government will finally realize that without American jobs there can be no economic recovery.