Higher education isn’t immune to the laws of supply and demand.

Francesca Donner of the Wall Street Journal reports.

Are Humanities Degrees Doomed? Experts Weigh In.

Humanities majors at Harvard are becoming harder to find.

Students, worried about landing a job post-graduation, fear humanities degrees don’t hold the value they once did in a rapidly changing job market, the Journal reports.

Humanities majors at Harvard fell to 20% in 2012 from 36% in 1954. And the trends are similar at colleges across the country. Meanwhile, more incoming freshman are opting out of so-called softer subjects, placing their bets on STEM (science-technology-engineering-math) majors instead.

Harvard sophomore Shannon Lytle considered majoring in history but will opt for computer science instead. “We do have to worry about living after graduation. I don’t want to be doing what I love and be homeless,” he told the Journal.

But is his fear warranted?

Certainly the numbers aren’t encouraging. Among recent college graduates nationwide, who majored in English, the unemployment rate was 9.8%. By comparison, recent chemistry graduates were unemployed at a rate of just 5.8%, according to a June report from the Georgetown Public Policy Institute which used data from 2010 and 2011.

Still, Homi Bhabha, director of the Humanities Center at Harvard, points out that plenty of humanities majors are accepted into law and medical schools and are in high demand in the business world.

So, what’s a student to study? Should they pursue a passion for Classics even if it might not guarantee returns in the job market? With soaring student debt, that’s a hard argument to swallow. On the other hand, a major in history or philosophy might provide a solid backbone in critical thinking and communication.