The article had that vibe in it until the conculsions. The thesis is not to gut/avoid them entirely. Double-major, for example. Or allow that it's not worth taking out $250k in loans to get them, many people don't need to take them out. Fewer people will pursue these fields, but this might not reduce the quality of anyone's interaction with them, and possibly not the quantity either.
Teaching: we should pay more, but that's another story.
The type of people that get these degrees are the type that ultimately change society. STEM people help run the world with practical matters, but artists and such help us understand society, imagine what can be, and how to get along with each other. The degrees don't pay well, but the people that get them are extremely important to the world's well being and future.
Imagine a world with no artists, no actors, no journalists, no authors, no philosophers, no historians, no teachers, no social workers, etc etc