One of my friends ask me what college major should he takes? The standard answer from an American parents is take the one that you are interested. The standard answer from Asian parents is engineering or computer science. My standard answer is: if you are smart, take anything, in which the future job will be in the tradable sector. If you are not smart, take anything, in which the future job will be in the non-tradable sector.
A job in the tradable sector will have a bigger market due to globalization. If you are smart enough, you will be make lots of money from a big market. If you are not smart enough, non-tradable sector will have less competitions. You will survive much easier and make a decent living. The question then is which one is tradable, which one is non-tradable. It is now easy to find a tradable sector, but getting harder to pin point a non-tradable sector. People can now do a medical surgury in India. How about the typical textbook example: haircut or a local hamburger store?
Anyhow, not sure if students nowadays really take this into account when choosing a college major. or if they really know whether they are smart or not...
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