For decades in the US we have largely avoided the debate over whether college should be primarily vocational (income securing) or educational. We avoided the debate because for a long time having any degree served both purposes. Just going to college set you apart and raised your income regardless of what you studied (it still does statistically, but not as significantly as before).
The middle class was sold on college in the US largely on the promise of more income. Even if students in the 60s and 70s said income wasn’t important to them personally, certainly very few of their WWII generation parents would have ponied up the money without the promise of more income or security for their kids.
I don’t necessarily see this is as a crisis, kids really passionate about humanities will always pursue the humanities. The net effect of this is those classes will have fewer kids just there for their degree. This isn’t a bad thing. Better to graduate 100 kids really interested their fields than 1000 just there in hopes of landing a higher paying job.
If you time traveled back to 1980, when nurses were underpaid, but advertising, magazines, and newspapers were hot industries, and told them in fifteen years you’d make more money as a nurse than you would with an English degree they wouldn’t believe you. That’s not the world we live in anymore.