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To me, I call that "underemployment." Sure, a job is a job, but if you have specialized training and/or a degree in something and most of the added jobs out there are assembly line workers and menial labor roles, I don't see those as being job market successes.

Imagine being a seasoned software engineer or an attorney to then have to go work on a hot factory floor behind an assembly line or nailing frames together on a building. Let's say $18/hr vs $55/hr... that's a huge difference.

Yes, those jobs are more suitable for some, and there isn't anything necessarily bad about them, but for those who put the extra time and efforts to educate themselves further, that's a huge slap in the face.