No, you subsidize people doing poorly paid but highly educated work in fields like public health work, education, and non-profits. You also subsidize people getting the basic education required for many jobs.
Many jobs do not require the "basic education" that a college degree provides - a HS education is entirely sufficient, and was widely regarded as such even as late as a few decades ago. It's a wasteful credential-chasing arms race, and the more we keep subsidizing it the worse it will get for everyone involved.