What you said is how the USA worked for my entire life until the H1B saturation finally reached a critical point! Young men and women would find jobs after college, it was NORMAL to have that be the case. What's going on right now is NOT normal. I got a job right out of college in 1995 with a CS degree--in fact, I had two offers, and I was nothing special. People with actual connections did really, really well back then. It was an optimistic time, and yes, Clinton was President, but he lucked out with the dot com era boom. It obviously imploded by 2001 or so.

Before our time, it was even normal for people to find jobs without a college degree.