I know a fair number of people with a wide range of CS-type BS degrees from vocational schools up to top tier universities. None of them are working "$8/hr no benes" jobs. It sounds like you're just being unnecessarily pessimistic.

Here's an article that lists the average starting salary with a CS degree as $56K ( http://www.forbes.com/sites/susanadams/2012/04/12/college-de... ) And another that lists CS major unemployment at 4.3%