I don't know. I think in a society that valued education more, there would be a place for more history professors. This would bring down class size, for one. I also believe a well-rounded education better prepares someone to give back to society and avoid over-simplified political messaging.
Universities, in pursuing profits, are cutting costs. This no doubt good for their bottom line, but it might be bad for society as a whole. With the downplaying of the value of history and the humanities, perhaps people are less prepared to think outside of their narrow technical specializations.
History - not so much.
Our society doesn't need so many history graduates. History should be a hobby, not something a million kids each year dedicate their life to.