[JoeGar]

I suspect that the increasing numbers of Masters and PhDs is due a lot to the poor job market. “Hard” major graduates (e.g., math and science) have high employment rates and get jobs upon graduation, but “soft” degrees seem to lead to joblessness and more schooling.

[GonzoGOP]

“Hard” major graduates (e.g., math and science) have high employment rates and get jobs upon graduation, but “soft” degrees seem to lead to joblessness and more schooling.

Architecture is a "Hard" major, and it is still getting killed. That appears to be the exception rather than the rule. Engineers, MDs, Physical Therapists all have rates down in the 4-5% range.

Some fields are hard to judge by degree only. As a computer programmer my degrees don't matter so much as my certifications. Having a masters doesn't boost your income so much as a high school degree, and a SCJD (Sun Certified Java Developer). It is still education that makes the difference in pay, but it is trade school rather than a four year degree that makes the difference.

[Kozy]

Guess I should shelf my plans to get my PhD in Early Tibetan Literature on hold.