It's not a matter of predicting the labor market, it's a matter of understanding debt. There are very few possible job markets where the kind of debt we're talking about makes any kind of sense. What's missing in our high school education is any form of basic financial literacy.
It's still unfair to blame the kids (technically, brand-new adults) for the system's failure to teach them, but you don't have to be an oracle to predict that $100k in student loans isn't going to pay for itself when compared to a comparable degree from a lesser-known school for $32k.
It's still unfair to blame the kids (technically, brand-new adults) for the system's failure to teach them, but you don't have to be an oracle to predict that $100k in student loans isn't going to pay for itself when compared to a comparable degree from a lesser-known school for $32k.