CollegeKid, I have a feeling you don't know much about job searching. Graduating recently as an accounting major, I know getting an internship at PwC is one of the easiest things possible after by seeing 75% of the accounting major work there. They hired about 2800 interns alone last year. Not every industry is as high demand as accounting.
As far as the sophomores comment, that is only mainly true for highly structured and organized internships like IBanking or Big 4 internships. Although there are exceptions for Big 4 internships such as punks that go through INROADS or whatever. Many other smaller firms or less structured internship positions are willing to hire sophomores as interns.
Minimum wage jobs aren't pointless, they show personality and help you develop soft skills and team work. It shows you are taking initiative. When you are a freshmen/sophomore in college, this is mainly what you got going for you. I worked a minimum wage job after my freshmen year and built off that as a base. I found 2 internships related accounting in my sophomore year as a result of it. That helped me get an internship at Deloitte, which by the way is easily the most selective of the four (
Deloitte & Touche profile for young professionals: BusinessWeek see applied vs accepted, or interns per year vs other 4). This allowed me to find two additional internships before graduation. Point being, use the momentum of each experience to seek other opportunities. Don't look down on smaller positions.