That horse rider and current IT industry

It is a story I reed during my childhood. The story goes like this..

1st half:
There was a king who has passion for horse and horse riders. He used to buy the best horses and hire the best horse riders and pay them competitively. Once he heard about a horse rider named X who is able to ride horse for 2 days without taking any rest and wanted to hire X. The king called the minister and asked to hire X before any other king hires X. The minister was trying to tell something. The king ordered to hire X then talk to the king.

2nd half:
The minister went to the king and said he is able to hire X. King thanked him and asked how is he able to do it. Who is able to do it. The minister said they have another horse rider Y who can ride horse for continuous 3 days without rest and Y is able to catch X. The king wanted to congratulate Y. Minister said Y is no more available as the neighbor king has already hired him. King asked why he did not inform him about Y earlier. Te minister said he wanted to. But king was not ready to listen. And ordered to talk to him only after hiring X successfully. Minister did everything to hire X reluctantly.

Resemblance with current It Industry:

Many It industries are looking for the talents available outside and compete to pay them to hire them. They get paid whatever they have asked for. Mostly the outsiders are paid higher than equivalent and better people inside. The result is the better people inside are forced to quit. Is it a unknown problem to the management? I don't think so. Is it like management does not want to fix it? I have no clue. Your suggestions are welcome.