University Undergraduate asking for RM 1200

Just heard from a friend of mine that this is the price of a undergraduate from a local university. His company had recently advertised for a general clerk position. Yes, undergraduates applying for a general clerk position. No kidding. Not one undergraduate, ok. A few, ok. One of them with 1 year + working experience is only asking for RM 1200. Imagine. Undergraduates = Form 5 students. What's the use of labouring so hard to get into a U? I might as well be a hawker after Form 3 or Standard 6. Mmm...there is a bright future for my son after all.