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In an ideal world, as they see your knowledge is harder and harder to replace, they'll start paying more for it, and that will hopefully be encouraging enough to the current workforce to learn the skills.
This is true and happens to me.
Here's the challenge. Someone new that doesn't have the skills that is enticed by the money has to make two evaluations:
For me to learn the skill wasn't difficult because is it was modern and contemporary technology at the time. Training and support resources existed, and I was able to incrementally learn how those older technologies continued to evolve or be accommodated as new technologies arrived to replace them, but then didn't. That won't be the case for someone new. They can't even use the old training material I used (assuming it was even still around) because that was written assuming the technology pervasive and well supported while the opposite is true today.
As for marketability, this is an even larger gamble. Many of these technologies should have been retired decades ago, but weren't for a variety of niche reasons. No organizations are putting out new deployments of these old technologies. The customer base/employers wanting these skills decrease every year as old legacy systems are finally retired leaving even fewer opportunities for a new person to exercise these newly acquired old skills. Its a fact that someday there will be no users of them, but when will that be? It should have happened already so what new worker would want to try and gamble on going into extensive learning on technologies that should be dead by the time they master them?
Oh, if you're talking about outdated technology as well, then that definitely gets harder.
They might have to face the decision to at least redo it with modern tech as these people are at least willing to learn that.
Or it could go like COBOL where the change is just so insurmountable, at least some jobs might exist for a very long time.