He adds that the president’s approach “creates a moral hazard problem. What it signals to current and future loan borrowers is that I don’t have to take these repayment of loans very seriously. . . . I don’t have to worry too much about getting a high-paying job.” It encourages “sociology and anthropology majors compared with math and engineering majors.”
Overall, there is some good stuff in this article and it is well worth noting. I was agreeing with most of it until I get to this line.
Yes, these types of degrees rarely net wealth, but they provide a service to humanity as a whole.
But, we do not value service. We value profit.