Dude you must think they get their degrees in feminist dance or some boogeyman degree. News flash you want some people to get good jobs with that "useless" feminist dance degree. Because if not, they're going to crowd into degrees like engineering and greater numbers of engineering grads creates greater competition for engineering jobs... which drives down the pay that most engineers get, plus it reduces the odds of actually getting a starter engineering job. Supply & demand.
The market pretty much tells us what are useful and useless degrees. The issue with your theory is that people do crowd into engineering and then the joke is after they fail they do business.
So when they shipped computer engineering jobs overseas the market was saying computer engineering is useless? Man you really know a lot of things that simply aren't true.
Its probably much more complicated than you are implying it is. Are people with computer engineering unable to get jobs? If the answer is no, then the supply of computer engineers is probably not enough in america or it could be something completely different and could be related to manufacturing.
For the most part computer engineers cannot get jobs in America. Though as a result of that there are now very few computer engineering grads in America. The point is that even very important college majors don't get jobs because they outsourced them overseas. Meaning, it was your statement that was lacking in nuance and complexity.