You will see skewed perspectives but the reality is somewhere in the middle. Yes it’s incredibly hard to find a job, let alone a high paying one to keep up with the rising costs of living. And more recently we are seeing an uptick in new grad unemployment. Which is a great indicator of where in the business cycle we are at the moment.
However, there is also an element of unrealistic expectations coming to a head. New grads historically rarely got extremely high paying jobs, which seems to be an expectation especially in the tech sector. There are also a lot of people complaining about not being able to find a job with their degree that is not that in demand. A lot of people want an easy life in their 20s because they are comparing it with their parents lives in 30s and 40s.