Please. It’s an intellectual heirloom: cherished by those who can afford such baubles but disposable in the eyes of others.
Bruni's snark and irreverence in the opening paragraph is a quick way to identify his audience. We're grouped in with him, rolling our eyes with exasperation about the state of higher thinking, implying that we are the intellectual elite who "cherish" what others might call "baubles," if they were cultured enough to understand the metaphor. But there's a sort of self-awareness in this as well, a poking fun at ourselves for our own snobbery. We NYT readers and subscribers "can afford" to place value in such things. There's a sort of balancing act taking place between the snobs on both sides of the intellectual v. practical education debate, which eventually trickles down into the article. During the argument, we never leave the position of being the privileged cultural elite, but we are encouraged to have practical answers for questions about why "nonvocational" majors are of value.