Not to insult anybody in graphics design, but the reason the market is so saturated with them and the fact that the pay is so little is because even a kid can do that kind of stuff. You need to diversify your skillset if you want to get paid anything to do that kind of work. I've seen 13 year old kids who can photoshop as well as any seasoned artist. In fact when I was 16 I got paid to make a website with my graphics design skills that I had grown from just playing around in photoshop and dabbling in that stuff outside of school. It's too easy for anyone to do. Right now graphics design is more of a supplement to marketing, or web design, communications roles etc...
What you did as a 16yo isn't what a professional graphic designer does. Every geeky 16 yearold these days can make a website and use photoshop. That doesn't make one a graphic designer.
Also, there's a difference between self-taught Joe Designer who sits at home making crappy business cards and an educated one working for an ad agency or printing house etc etc. There's also a huge difference between someone who only knows the technical aspects of using various 'design software' and a person who has the creative eye and talent necessary to make nice designs.
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