1. They have no choice but to find a way, just like Brits and Canadians are today because they are now competing in a global market. Additionally, every other white collar field offers new grad salaries in that range in Tier 1 cities in the US. Why do CS majors deserve to be paid more than an Accounting major, Nursing major, or a MechE major?

2. True, but it's also easier to get hired once you have the new grad stink removed.