I think 'Let's stop educating people' might be reasonable in many cases. Not all degrees have the same chance of producing useful results and some non-stem education is just anti-education or worse ideological brainwashing. Subjects like psychology, journalism, arts, history, English, and social sciences are heavily over subscribed - these fields are saturated.

It's very obvious to me that today's problems are overwhelmingly technological, biological, mathematical, scientific, industrial etc. Even within these subjects, there's a mismatch between the concrete problems seen in industrial practice and the abstract and simplified ones seen in academia.

I hear the 'but any degree will give you a well rounded perspective' kind of hand wavy arguments, but these are presented without evidence, and are unfalsifiable 'runaway arguments' that have no finish line - at what point do you stop and say we're pouring resources into the wrong areas and neglecting others?