There is also a problem of more people getting college degrees than ever before. I have seen engineers flipping burgers for a year or two while they looked for a job in the 2008-12 recession. We need an over arching change in how we view productivity and compensation. We have one of the larger income inequalities for a developed country and it is growing. Free college isn't enough, it turns college into high school ie everyone goes so to stand out you need to get a masters or PhD.