Are the Humanities in Crisis?

Only about 12% of all college students major in the humanities, a big change from just 50 years ago, when there were twice as many. Only about 7% major in subjects like English, Music or Art. The cost of college and concerns about employment are funneling more students into business and technology degrees, and we certainly need engineers, scientists and blue collar laborers, but at what price to American culture? Are we raising a generation of Americans that doesn't know enough about the humanities? What does it take to create a well-rounded society? What's at stake in education and society when our curricula become more career-focused and less aimed at creating well-rounded individuals?