I dont understand why there will be less competition in jobs? You think youth wish to take any job offered? Absolutely not. Poor people dont take high positions and earn little. Nobody wants to earn little. If poor vacate jobs, nobody would wish to work on their jobs, but their jobs wont be left vacated, people will be forced (by government) to take them. Wish to be a lawyer? Good, take broom and clean floors. If cleaners earned low and poor people do this job, then if poor people vacate these jobs, think that would increase wages for this job? Absolutely not. Then those who earn good, will ask for a raise, if potential cleaners get increase in wages, and we get back to poor-rich again.