This is only true for degrees that are easy and/or economically unjustified. For the forseeable future, I don't think this applies to someone majoring in molecular biology (for example).
Absolutely. I'm currently mining data by degrees to analyze the true opportunity cost for various fields. A degree in communications, for example, may not be economically justifiable in the current environment. But we can flip it around and say a doctorate in medicine may not be viable due to the cost and amount of debt on the student. It's all anecdotal until I pull up some real data.
Quite true - but even in the midst of housing bubbles or any asset bubbles for that matter, you can always find underappreciated/undervalued assets (markets tend to be a lot more nuanced with the property markets being different in Austin, TX than say, Miami, FL). I suspect that's going to be the case for a lot of degrees where you don't need to an ivy league school and can get the same level of education elsewhere.
Of course, the question is at what point can kids and their parents be convinced that an ivy league degree just isn't worth it anymore (since like film industry investors, the returns tend to be more about glamour/sexiness than simple financial returns)
This is true. In fact, he points out in the original article that a degree in engineering will hold value better than one in communications.
With that said, you can get into at least some of those fields without the degree if you wish. I have for instance known a few very successful programmers with good jobs and no degree. They are in a minority compared to those with degrees and they had to break into the industry, but once they were in they earned just as much as those with degrees.
