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'talent scarcity' is a correct and usable phrase in written English.
It can be used to refer to a situation when there is not a sufficient amount of people with the necessary talents or skills for a certain job or task. For example: Due to stringent immigration laws, many companies have faced talent scarcity in the past few years.
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Now here comes David Shenk with "The Genius in All of Us," which argues that we have before us not a "talent scarcity" but a "latent talent abundance".
Such a commitment might not be the best way for every organization to deal with talent scarcity, said John Boudreau, a professor at the University of Southern California's Marshall School of Business.
Talent scarcity is a recent phenomenon.
On a global scale, companies are seeing the talent scarcity trend emerge in different ways.
Its merits, however, outweigh its disadvantages — especially in times of talent scarcity.
Part of that stems from bidding wars in Silicon Valley, in which talent scarcity is a major factor.
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Walmart, the world's largest private-sector employer, which operates in 28 countries, sees a scarcity of talent in many fields.
The Wuhan automotive cluster is developing quickly, but scarcity of talent has become the bottleneck for its development.
Last year, I attempted to analyze how big data impacted the consumer web and concluded that while opportunities were abundant, very few were in a positions to capitalize on them given the scarcity of talent in these specific areas of the consumer web.
It can be tempting to blame failure on a lack of willpower or a scarcity of talent, and to attribute success to hard work, effort, and grit.
Additionally, the scarcity of talent in today's market makes it extremely difficult for small business owners to attract and retain those skills.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com