I never said that they need to be paid anything. If you cannot get workers are the current wages/working conditions, then either you increase the supply of workers (to lower the wage) or you increase the wages (to increase the supply of workers).
I never said anything in general about 'college grads', just 'engineering grads'. You will not take a high school grad and have them designing chipsets @ Intel. They don't have the aptitude for it.
If you've read my posts on this forum, and I know you have, you know that I will take a hard working, self taught skilled trades workers 100 to 1 over many of today's college grads so you're giving grief to the wrong person. You also know that I advocate technical schools to train kids today. Those skills are much closer to real life 'right to the job' skills and not some formulas or theories that will eventually lead to the person figuring it out (if they ever do).