Has the decline of knowledge work begun?

Bachelor Degrees need a complete rethink, it was basically modified finishing school for rich capital owners, needing to make their children of proper class before they could take over their businesses.

It then became a vocational degree for the working class, despite being completely detached from useful skills for a wide swathes of degrees. The only value is that you could talk the talk and become a member of the professional managerial class if you impressed the right hiring committee/individual.

In spite of this, we decided the working class should take out crippling loans to pay for this degree, and be in debt for the rest of their working life.

It's not sustainable, and just forgiving the debt only will make it all more expensive and less aligned with actual results we desire (useful workers).

Maybe lower education should just have a different schedule with other activity years? I'm not particularly impressed with the average American's ability to be a positive element of society and despite all the problems, I think liberal arts students are probably better than the rest when considered over their lifetime. But why should each individual take loans to have the critical thinking to vote in the interest of larger institutions?

Does liberal arts teach critical thinking? Do students who study liberal arts vs a mathematics/engineering show greater improvements on critical thinking tests?

I get the idea we want a more educated population that can better make decisions. But the biggest way the populace makes poor decisions is they are economically illiterate, and they don't really understand how the government works. We should probably spend more time teaching this in high school and a typical degree spends very little time teaching these subjects.

What is your definition of economic literacy?

A basic understand of supply/demand and how many well intended policies can have terrible effects.