Based on my personal experience and that of friends and acquaintances, 23-24 year olds with a bachelor degree working at Starbucks (or equivalent) is not at all rare. The 'crisis' may be overblown by the media a bit, but it is definitely not something that can be ignored. Every media and politic mouthpiece also said everything was perfectly fine, right up to the 2008 crash. I take anything like this with a healthy dose of salt.