No doubt! I took a web development job for less than that 10 years ago in higher ed when I was 22 and had no professional experience... of course they also gave me free healthcare, free tuition for my whole family, generous vacation, sick days and holidays, and a fantastic retirement system that when I turn 65 is slated to pay me $650 a month until the day I die, even though I only worked there 5 years.

Now I'm not sure what "qualified" means in this case, but it doesn't sound like they are hiring people fresh out of school, which they should be at that rate.