“Simply put, for the majority of students, the value of higher education is a function of its immediate employment prospects as opposed to long-term developmental and intangible benefits. This quest for value is especially prevalent in developed economies, where slow economic growth and scarcity of employment prospects fuel scepticism.”
Not certain how much of this article I agree with, as it is a bit policy wonk-ish. But the issues are real, and it is a useful summary. At least, it is what lots of people think. An unravelling is in place.