I would argue Kubernetes talent is cheaper than mainframe talent these days because it's ubiquitous.
Also, Kubernetes talent is far from ubiquitous. That sounds more to me like you're counting anyone who has successfully deployed one time.
But in regards to K8s talent, lots of the people who think they know Kubernetes in production but have never had to actually upgrade the cluster, or go through the process of having to update manifests, deployments, and CSIs, and having to actually deal with api removals.
I do not want to make it see that LPAR isolation is just waiting to be compromised, but security-by-unavailability also plays a part :)
How many security researchers are even familiar enough with the concept of a mainframe to consider looking for an LPAR breakout, let alone have access to the necessary hardware?
Both of these were anticipated in security papers dating back to the 1980s. It wasn't practical to use those types of exploits on 10mhz VAXen.
For context, there was about 1 admin for every 400 servers at the tech company, and that was for the entire tech stack (LAMP).
Mainframes require a lot of care and feeding. In my experience, having worked at 3 different companies who relied on them (education, aero and finance), their capex is higher, their opex is higher and their uptime / reliability is entirely dependent on the facilities / staffing.
And software licenses are one of the reasons why LinuxONE machines exist - they don't run z/OS, so you don't pay those licenses. You can even start a dozen VMs under an LPAR and run your Kubernetes cluster as if it were running on more common hardware that just never, ever fails. IIRC, you can run a special version of z/VM to manage your Linux VMs if you don't want to run Linux on the LPAR and use KVM for your VMs.