Scott Atran in the Huffington Post:
With the so-called sequester geared to cut billions of dollars to domestic programs, military funding, social services, and government-sponsored scientific research — including about a 6 percent reduction for the National Institutes of Health and the National Science Foundation — policymakers and professionals are scrambling to stave off the worst by resetting priorities. One increasingly popular proposal among congressional budget hawks is to directly link federal funding of science to graduate employment data that seriously underestimates the importance and impact of social sciences to the nation at large, in order to effectively justify eliminating social science from the federal research budget. For example, federal legislation introduced by Senators Marco Rubio (R-Fla.), and Ron Wyden (D-Ore.), would require states to match information from unemployment insurance databases with individual student data and publish the results, which would show earnings by program at each institution of higher education. But educators and economists note that measuring return on investment via salary alone is too simplistic: liberal arts majors often start out at lower salaries but make more than their peers in later decades. Even more worrisome, in the guise of practicality, such maneuvers offer up a not-so-veiled attempt to justify eliminating government funding for the social sciences, perilously underestimating their importance and impact to the economy and national welfare.