NPR reported yesterday that the number of students majoring in Economics is on the rise. It's worth the four minute listen. If only for the joke about jaded journalists and bandwagons at the end.
While this may be good for the field, I'm not convinced that it's good for my salary prospects. Using the lessons learned from the courses that this new crop of economics enthusiasts is taking, an increase in the supply of economists will reduce the price they can charge for their work. I would have thought that the collapse of investment banking and the government intervention in banks would have students running from economics.
Are they all hoping to become regulators?
Or did they all read Forbes this summer? ranked economics as the second most lucrative major for college students, behind only computer science.