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Maybe it has something to do with the fact that business is the most popular major in the country. A glut of middle managers is maybe not something the economy wants, especially when in most companies you can just work your way up to be one without an MBA.

Really the only value for the degree I see is if you already have a business. And some value if you want to start one (on top of the 200k debt you just took for the MBA).

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It always seemed to me MBAs weren't there to add value to an organization, but to extract it. Perhaps now, in leaner times, this is not as sought-after a skillset as it used to be?

The issue is that actually, outside of technical paths, businesses do like to hire business grads as it allows them to do even less training and they usually don’t care if someone is well read or opinionated (possibly prefer the opposite).

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