In the UK, I have not seen any graduate level IT jobs offering a starting salary below £20,000. At the same time, about 10% of computer science graduates are unemployed six months after graduation. Also, a significant proportion of computer science graduates end up in minimum wage jobs that do not use their skills and would prefer to work in the IT sector even if their pay remained the same.
Why are there no minimum wage graduate level IT jobs? If there are job candidates whose labour is worth more than £20k a year, and there are candidates who are not worth employing even at minimum wage, then surely there must be candidates whose labour is worth less than £20k but more than minimum wage? https://www.theregister.co.uk/2016/07/22/computer_science_graduates_hesa_employment/