Of course not; hardcore, laissez faire capitalism like there is in the United States would correct that, and the salaries would go down. However, as it stands, there is an overabundance of humanities & arts majors, and way too little engineers and scientists; meanwhile, the industry has been almost completely off-shored over the last 60 years. The only thing left for those people to do is work in the service industry, if they are lucky. But when too many compete for a limited resource, selection kicks in, and overabundance drops the wages. Education won't help with that, as we see, but it might help with organizing oneself, or "going at it on one's own" and opening a business.
A good lesson to learn from that would be that hard core, laissez faire capitalism is just as destructive as a totalitarian communist system. In order for the population to be able to live comfortably, capitalism must be enhanced with socialist safeguards and a system of checks and balances built in, like Sweden, Austria, Norway, Denmark, and Switzerland did it. Switzerland for example has low taxes and respects private property, and especially protects and fosters enterpreneurship, making it very corporate friendly, but it also has a very strong welfare safety net. One would think that would make a lot of Swiss draw on unemployment and disability, but Swiss work 42 hours per week minimum (compare and contrast to France, where they work 35 to 37), and unemployment in Switzerland is among the lowest in the world.