Sounds like the pay should go up a little bit.
Young people with finger dexterity are entering the tech fields where they have more likelihood of improved income over the course of their careers.
It is a sad fact and skilled court reporters are not so easily replaced as store clerks when the prices are gouged by the big guys.
I tried to make it as a court reporter; but, I simply couldn't get to the 225wpm. I was fast on a typewriter; and, I was fast taking Gregg Steno; but, the machine was different and I could only get to a certain level and I couldn't go higher.
I believe that when I was taking classes, I read an article that said that 85% of people who try to conquer machine shorthand drop out. So, the reason for a shortage is that it is a rare combination of dexterity and quickly translating what you are hearing to the "code" that is the word in the machine language. Very few people have that combination.