Companies that want too much but pay too little

I normally don't bitch about companies but a friend of mine showed me the following ad for an Administrative Assistant at Wah Chang in Oregon. You will note the salary and then the qualifications. The very last item was for a 4 year degree! I know the economy is bad but when are these companies going to realize that once they get the 4 year degree graduate and the economy picks up just a little then they will take their degree and look for some decent pay. I also have to add the remark, "what in creation does a glorified personal secretary need with a 4 year degree?" Heck I can answer the phone, make appointments, take notes and run rings around them when it comes to software operation and troubleshooting but I don't have a 4 year degree.

Company: ATI Primary Metals and Exotic Alloys Group
530 SW 34th Ave
Albany, OR 97321

Salary Notes:
Salary Grade E: $ 31,191 - 38,988
Job Description:
This position is responsible for performing a wide variety of high-level administrative duties for the Group President of ATI Primary Metals and Exotic Alloys Group. This position works with employees at all levels of the organization and deals with issues that are highly sensitive in nature.

Position Responsibilities
Employees in this position are responsible for performing a wide variety of detail-oriented clerical and administrative duties including coordinating schedules and calendars, making travel arrangements, preparing spreadsheets, reports and presentation material, composing correspondence, performing word processing of varying complexity, and often of a confidential nature.

Any single position of a classification will not usually involve all of the duties listed and many positions will involve duties that are not listed.

Minimum Qualifications:
Five years of progressively responsible administrative support experience which includes providing administrative support at the executive level. Proficiency with Microsoft Word, Excel, Power Point, and Visio is required. Successful candidate will be highly organized, detail-oriented, and have the ability to positively and proactively handle multiple assignments within a fast-paced environment, while at the same time, greeting visitors and employees in a friendly and courteous manner. The candidate selected must be a dependable team player with an exceptional attitude and work ethic, and a demonstrated ability to maintain confidentiality at all times. Candidate with a four year degree is preferred.