I'm late getting back to this, because PJMB HQ had no internet for most of yesterday, but on this question of what happened to the projected surplus of jobs in the humanties, a couple of people in comments mentioned something that scares the fuck out of me.
NS, for one, points to a slowing demand for profs in the humanties. Job Cogburn raises the possibility of something that seems pretty plausible to me. The massive growth of pre-professional BAs has sucked a kids away from a traditional liberal arts-based education. Take a look at the Princeton Review's summary of the top-10 most popoluar majors in US colleges. Only four of the 10--biology, english, communications, and poli sci--are not pre-professional. And even then, in their blurb about why people should consider biology, the Princeton Review people say talk about students being pre-med.
Even worse, although the list doesn't say it ranks majors by popularity, I don't exactly feel all warm inside by the fact that number one is "Business Adminstration and Management." Ugh. I wouldn't be in this business if I didn't really believe in the value of a liberal arts undergrad education, so it really, really hurts to think of b-schools peeling off majors from philosophy and physics and Spanish or whatever.
And besides having all these bright, shiny ideals about undergrad education, I also want a fucking job teaching philosophy. But for that, there's got to be some philosophy students to teach.