Alternatively the developers who do remember and use linear algebra many years into their career or even more advanced math/numerical methods and are also interested in using it are in higher demand than ever before due to the explosion of ML/AI, and thus can command a much higher salary.

The simple answer is always they simply don't pay enough to attract the people with this skillset. If they paid as much as Meta (who they used as an example) they would certainly have way less issues with hiring.