Words: Employment in America
I've come to a conclusion... There are two tracks in the employment sector these days, and neither is good. One is the uneducated [non-diploma] track, where you just go straight into the workforce and develop experience. These people are not unintelligent, but "limited" from the outset. One could achieve an education, but ones upward mobility is somewhat limited.
The other is the educated track - where the person goes to college and gets a degree or extended degree [bachelors, graduate] before entering the workforce.

REALITY of the job market today is that there are TOO many companies that are not hiring the latter in significant numbers, unless you want to work on "commission." The barely livable wage today is being paid to the people with 5-10 yrs administrative experience [with or without a degree]. "We're looking for good soldiers."
If you're educated and looking for a job, the competition is very high for even the most menial position – unless you have specialized skills. The $30k/yr. job now receives applications from law school and graduate students. Can employers afford to be disrespectful and selective? Unfortunately YES. And thus, an education does not really yield a living wage [factoring in the cost of education and expenses of living in a city]. One could conceivably apply for the admin positions, but companies are distrustful of that too, as they think you're likely to jump-ship as soon as you find a "real" job.
So where does that leave a great number of college graduates? At best, disgruntled - at worst, marginalized. Tax cuts for the wealthy is NOT, nor has it ever been, a solution. It's important to remember that historically revolution is fomented in the marginalized and educated middleclasses.