This assumes that there's an infinite supply of well paying jobs that are freely accessible to everyone, but that's not how reality works. If the options are "work for shit pay" or "don't work at all and starve" then people will choose the shit job. It's why market economies aim for a few percents unemployment(and why places like the US really don't want to forgive student debt) because people need to be desperate for whatever job they can get to keep wages low.
A much better way to solve it is just to legislate that if you work a fulltime job you have to be paid a livable wage.
This assumes that there's an infinite supply of well paying jobs that are freely accessible to everyone, but that's not how reality works. If the options are "work for shit pay" or "don't work at all and starve" then people will choose the shit job. It's why market economies aim for a few percents unemployment(and why places like the US really don't want to forgive student debt) because people need to be desperate for whatever job they can get to keep wages low.
A much better way to solve it is just to legislate that if you work a fulltime job you have to be paid a livable wage.