The issue in the USA is most people want the greatest amount of pay with the least amount of effort. What most don't realize is there are thousands of others reaching for the same low hanging fruit which greatly reduces not only wages but job security.
Add to that the sheer number of useless Pottery and Diversity majors and you have a lot of adults with debt they can't pay because they aren't qualified to generate wealth and value for a company. For those people learn to like saying "would you like fries with that" because no one owes you anything.
Yep. This brings up a good point - just like the housing bubble was aided by the desire to put everyone in their own home, even if they couldn't afford it, this "education bubble" is caused by the push to force everyone to go to "college" whether or not they are capable of learning true advanced concepts, and whether or not there is demand for as many college grads as we are creating.
Thus, we have a whole industry of "colleges" which are really just 13th grade, where the same pathetic loser who sat behind you in home ec texting the whole class and skating by with a D because the administration needs to pass everyone to the next level, now sits behind you in Philosophy 101 wondering what he's doing there and planning how drunk he will get tonight (Tuesday night is half price wings night after all).
So you have a generation of kids, like NTT1440 for instance, who probably should have just graduated high school and started selling real estate right away, who instead went to college and got his mind filled up with ideas about what kind of life he was owed by his country just for his generosity of waking up every day and going to class. Now he has 100K in debt probably and no concept of what it takes to EARN money, and no prospect for ever earning 100K more than his ongoing expenses. It's ugly.
But it's not, as NTT1440 would insist, CAUSED by supply and demand (which he likes to call the race to the bottom). It's caused by government interference (by creating unreasonably cheap and easy college loans) in higher education creating a glut of idiots with college degrees and huge debt.