[Mikeb85]

Especially since, when that market is inevitably disrupted, all those workers are fucked.

Without a proper social safety net, diversification is hedging against downturns...

Besides, right now where I live, it's geologists and engineers that are unemployed. Supposedly 'safe' jobs.

And finally, if everyone piles into the same industry, it drives wages down, and you'll still have plenty of grads who are unable to get a job.

The problem in the end, is that, because a degree is the new HS diploma, everyone needs one, in any subject, and unemployment is the inability of the economy to absorb workers, it has nothing to do with those people choosing the 'wrong' degree anyway.