The very fact that OP mentioned WordPress being part of his stack completely destroyed his credibility for me.

I mean, my gf is a primary school teacher and I think wp is part of her stack.

There is no oversaturarion. There is work for much more than just unicorns.

But yes, incompetant people pretending to be SWE because they know WordPress, in the actual conjoncture, will have a harder time finding work.

Source: I am a SWE and WordPress is not part of my stack, geez.