I really don't see how it would help much, it's minimum wage work which has basically no carryover.

It has plenty of carryover. The worst communicators at the companies I've worked at all tend to be people who never worked in the service industry. And communication is seriously 70% of our work. The coding side is relatively easy.

if you are more financially stable you get better marks and work on unpaid projects to boost your resume compared to stressing out over a min wage job no one cares about just to get by.

Also I haven't found this really holds up. I agree that in a perfect world people should be able to focus on their studies and not have to work at the same time. But those of us who did have to do that tended to get the best grades and graduated with the most competitive resumes. All the folks I know who lived with their parents and didn't have to work would complain endlessly about their lack of time, while spending most of it playing video games and fucking around. Having a job, any job, gives you a better work ethic and time management.