What about the fact that higher educated skilled workers are going to require bigger slices of the pie that will enviably reduce the money available to lower skilled workers? Even though this happens everywhere all the time people tend to act poorly when it is brought attention to.
I've found in my life that low skilled/entry people often are surprisingly unaware of just how much lower paid they are than people with college degrees/skills/experience. Usually when they find out they either quit or silent quit and have to be fired.
Not 100% disagreeing or anything, just pointing out its more complicated than it seems.