Smart employers, it seems to me, want people who can think; they want people who can communicate complex ideas effectively, research properly, analyze data and arguments, and so on.  I didn't view my degrees in Philosophy as part of a path to a job, and a pox on those who dump on degrees like that as "useless."  Universities are there to educate, not merely to train.  Right now the jobs market is changing and not all of it is in good shape.  That's no justification for turning Universities into something less than they are.