Compared to university students it's great though as we get 800 a month and are supposed to repay two thirds of that, with interest. But at Sovereign(!) rates. ;) Peak oil is not an energy crisis. It is a liquid fuel crisis.
In Spain a lot of people with higher education degrees make less than 1000. (See the Spanish wiki) A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
And metal workers in Germany are as well paid very well, when they are working in big companies. But most people don't work in big companies or not in well unionised sectors with mostly permanent staff, that needs specialist skills. Gemach, gemach