It’s a circular argument.
If people who get degrees are more employable, then they are the ones benefiting from the education, and it should not be subsidised. Unless we need more of some type of worker, and then the education of that type of worker should be subsidised a bit. If people are going to get themselves educated anyway, then you don’t need to pay all of it, just subsidise it a bit to nudge more new students that way.
And if the point of the degree is the employability of the product— I mean, the students (wait, no, I did mean “the product”), then anything which isn’t devoted to employability is a waste of time and money. Why would you possibly want to waste time on breadth subjects when tomorrow’s engineers could be studying multivariate calculus?
And if people know that the only way to get that job is to get that degree, then you can easily fool convince them that breadth subjects are a waste of time as well. You’re just racking up their student loans for no reason, getting in between them building the largest debt they will ever have in their lives (what, you think any of them will ever be able to buy a house?) and the ability to lie awake every night until they die stressing about how it doesn’t matter how much they’re earning, the debt doesn’t seem to be going down.
And it seems that people aren’t getting degrees because they want to learn the subject, they’re getting the degree to get the job with the high salary, which means the degree is probably worth more than the university is charging for it, so let’s raise the cost again, and say it’s going into “research” when it’s actually largely going into buying more land and redeveloping the real estate portfoli— campus, and maybe paying for some sports teams.
And the more people are charged for their degree, the more they can’t justify doing it except for the job held out on a stick at the end, and the more they’re thinking about the job, the more it’s about employability, and the more the university will charge for the degree because of the jobs people are getting because of it, and around and around we go.
Why the everloving fuck would we want to waste money on a Classics department? Where are the 6-figure jobs in Juvenal and Aescylus? Who cares about Philosophy? Well, except if we can get the Heritage Foundation and the Economics department to fund a couple of chairs, and we can get Zizek to debate Peterson again… people will pay to watch that.
Performing Arts? pfeh, who’s paying for that? I’m sorry? Yo-yo who? That’s a name? He earns how much? I suppose we can afford a building somewhere with a couple of pianos in it for that.
And so on. And so on.