STEAM just correctly recognizes that STEM people systematically underrate the importance of history and social studies.
Looking at salaries there is an over abundance of history and social studies graduates. It’s simply a supply vs demand imbalance, and one that has real consequences.
Many STEM fields are also over saturated, and some arts fields can make a good career path. But, nuances are not really the point of this discussion.
This happens because shareholder value is the only thing corporations are optimized for.
Why do you believe that?