Jason Kuznicki writes about the dismal job market for historians at Positive Liberty.
In contrast to the troubles that afflict elementary and secondary education, Kuznicki writes:
I’m conversant in economics, so I even know the method to the madness: State subsidies for higher education tend to produce an oversupply of educated people. A state can hardly fail to misallocate resources, and, in all likelihood, we have too many universities, too many graduates, and too many PhDs in the fields the politicians think are important — like history.
“Oversupply of educated people.” The kids in my history and economics courses, with whom we struggled to keep them in school for one more semester to get a high school diploma, will not read that, I hope. Nor will their successors.
Millard Fillmore's Bathtub 