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We have become the society that believes that every kid should get a college education. So when all these kids graduate, they can have their expectations shattered by the reality that a liberal arts degree does not always get you a desk job.
The STEM fields are not a panacea.
Engineering is saturated as is. Technology fields are similar to the gold rush right now, and will level out the salary to becoming the new standard business major - which may or may not be a bad thing.
And science along with mathematics? Well, you pretty much need a Ph.D nowadays to be anything other than a research assistant or teacher.
Texas A&M's job is to be the FLAGSHIP institution that provides education to the public, accepting the best students while the others without the credentials or test scores can go to other non-flagship schools TAMU-CC, TAMU-Galveston, and such.
We should striving to be like or better than the other flagships: UVa, UT, UC-Berkeley, Wisc, UMich, UF, and so on. But they're currently outperforming us.
What metrics do we have other than ROI or US News? Both of which we seem to be slipping in (see above). I'm not saying we should be some elite school like Stanford, Cornell, Harvard, etc. That's dumb. But we should be at least equal to our peers.
Nowadays, due to the large amount of college educated students, your university seems to provide the initial filter for jobs. If we slip up, it does not bode well for future Ags.