Here is a taste of his piece, “A Counterintuitive Economic Argument for Majoring in the Humanities.”
I know, I know: it seems risky to pick a major that doesn’t have an obvious pathway to a particular career. But hear me out…
First, you need to recognize that there may be a significant disconnect between your expectations for your kids and their actual working futures. If you’re a 40- or 50-something, you probably retain at least some sense of what it meant to grow up in an economy whose workers stayed in or close to one career, sometimes even at one or two employers, and retired at age 65. None of that is likely to be true for your child as she starts college in 2018.
On the other side of her college graduation is much less stability in employment at virtually every stage of a much longer work life. What else would you expect when life expectancy is increasing, technological and cultural change is accelerating, and both employers and employees seem to be interested in building a “gig economy” that doesn’t assume long-term working arrangements?
So while a college education remains one of the biggest investments of anyone’s life, it’s hard to know how best to use those expensive years to set someone up for future economic success. Do you encourage your child to pick a major because it aligns most closely with a career whose short-term employment prospects look good? You can… but they’ll risk joining a glut of increasingly similar candidates seeking jobs in a market whose bubble may well burst.
Instead, it might make longer-term sense to consider a major in a humanities field, for three reasons:
Read the entire piece here.