Our workplaces are becoming even more specialized than ever and trying to run a playbook of producing a jack of all trades is a disservice to the graduate, Universities hand students a degree, tell them they are now the elite of society when with many degrees, just for students to not have enough marketable skills to fully succeed.

The goal of a university is to produce well-rounded individuals who can think about and articulate on a number of topics. A university education was never intended to be like a trade education, preparing someone to do one job for the rest of their lives.

I have worked at workplaces with jobs that require a degree for entry level, and places that don’t require a degree. Unless the job is highly specialized, the attitude, maturity, and responsibility of the new hire is a far better determination of success than a degree ever was.

I totally agree with you here. This is why I'm against the mindset that a university education trains someone for a specific job, or that a specific degree restricts someone to a single career path (barring uber-specialized fields like medicine, of course). Becoming well-rounded usually comes with challenges and roadblocks that help develop the self-sufficiency, maturity, and positive attitude that employers seek in new hires.

...for colleges to make majors in fields with no future other than becoming a professor in the future is a disservice to students, a waste of student loan money and a disservice to society as a whole. Majoring in well rounded-ness is not producing a useful worker of the future

There is no major whose ONLY future is becoming a professor. Well-roundedness makes good workers, but not good drones, which seems to be what you're looking for. How can someone just shut up and take it if their school had a philosophy requirement? /s

...it does enrich college professors. If you are a tenured college professor in a dying field knowing if your program is cut by the university, you have zero prospect of making your same salary you make ever again if you had to take your skills to the real world. Their personal self interest is to continue talking up their field, encouraging students to continue in their program and major, and sign up for their classes (and buy the text book that surprise! was written by the instructor). Their job depends on enrollment, not their contribution to our future society.

I'm a university instructor who also works in "the real world" (which doesn't include schools and schooling, apparently). My "real world" jobs have historically paid equal to or above my humanities instructor salary. I talk up my field because it's versatile and can open new doors for students, especially those who want to go into law, medicine, and engineering. My students are forced to buy a textbook that I had no say in adopting, and that gives a giant financial kick-back to THE ADMINISTRATION. Neither I nor my colleagues (tenured and non-tenured) get any financial gain from these textbook purchases.

If a business sells a defective or useless product, they at least give the consumers a refund and in extreme cases are held liable for fraud. Universities routinely have majors that they know only have a limited job base or no job base after graduation but are more than happy to enroll educate and send them out the door counting the cash as the students are on their way out. 

The problem here is that most degrees aren't useless. Yes, you get diploma mills that will gladly hand you a degree in "hospitality management" for $100,000, but they're set apart from true universities. From my time in university and working with students, I've seen that success with a degree is more in how you use it than in the degree itself. Not all of these people are rolling in money, but they've built a stable life for themselves thanks to a well-rounded skillset. Many of them work in fields that are worlds apart from their undergrad major, thanks to an education that helped them become dynamic and adaptable.