The US has the highest incarceration rate in the world, both per capita and in absolute numbers (even counting, e.g., Chinese concentration camps). Cities have quotas now, where they are obliged to send a specific number to prison each year to maintain their contract. The prisons and police forces cost much more to operate than would be needed to lift every American out of poverty.
When you and I were young, no city police force had a billion dollar budget. Crime rates plummeted about 18 years after we stopped poisoning everyone with lead, so there is much less legitimate work for the police. They keep busy, though.
Having worked at minimum wage as a teen, I can guarantee you could not support a family on it.
> They graduate today with a lifetime of debt
The ones that did not google "starting salaries for major X" and compare that against the expected debt they'd incur, yes.
Then what is the point of making better choices, such as staying in school, avoiding drugs and not committing crimes?