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Do they make vastly more? It’s not a guarantee. Plenty of folks out there with a degree in something they can’t service $120,000 in debt on with the salary it offers. These people would’ve been better off with a trade skill, or anything that pays minimum wage without the gargantuan debt.
I do generally agree with the point of the article. University’s have become exploitative. Not just to students, but also the army of underpaid adjuncts and grad students that keep things running while the schools spend on lavish buildings and admin salaries and grow their endowments.
I think you just have an ideological ax to grind with jacobin and maybe no real experience with student loan debt or the academic job market, which is blinding you to the truths it is highlighting.
If you get a college degree and don't make above median income it is 100% due to your own choices. I don't believe that many of those jobs should pay so little, especially with regard to shit like social work, teaching, and other publicly funded institutions, but a college degree is a gateway to wealth full stop.
I am pro-loan-forgiveness and believe public university attendance should be free, but it's undeniable that a college degree is currently worth the investment the vast majority of the time.
FWIW I have a degree in English/secondary education and was a teacher before I quit to make more money, which I will be forever angry about.
The system needing to change does not change reality.