I asked a similar question long before I ever new of this Gates fella. When I was 17 or 18 (1982/83 time frame) my school got some new Apple IIe computers that had 64 kB of RAM. Everything I had known about up to that point had 4 kB of RAM, so I remember being amazed and speculating, "What could anyone ever do that could possibly need 64 kB of RAM?!"I agree with @dl324 assessment on the employment statistics.
Speaking of silly opinions, Bill Gates once said "why would anybody need more than 640k of ram."
Many schools, even big state universities, only talk about retention rates and graduation rates. On the one hand, it's something that is a LOT easier to track than employment rates. But I also suspect that many schools know that they would not like to have to admit to the numbers, particularly on an overall institution rate. How many communication, English, political science, ethnic studies, psychology, or antropology majors are working in their field a year after graduation.I would think that the job placement rate would be a larger seller than graduation rates. I did check and MIT did publish both graduation rate and employment rate.
Many years ago I was waiting outside the President's office at the Colorado School of Mines (CSM) hoping to talk to him (I had worked for him as an undergrad lab assistant and we liked to touch base every few years) and I was looking at the bulletin board where they had posted the ratings from the Colorado Commission on Higher Education (CCHE) of all the public four-year universities in Colorado and they had all the normal things like retention rates and graduation rates and there was nothing related to whether the piece of paper they got actually led to any measure of success after graduation. But it immediately caught my eye that CSM wasn't listed or even mentioned anywhere in the article. Now, it is not uncommon for Joe-public to think that CSM is a private school, but surely CCHE was aware that it is, in fact, a public state university. The head of the office came out and I asked him about that and he explained that the reason was that CSM was included in the article is that CCHE uses a completely different set of metrics for Mines that includes such things as the fraction of students that graduate that are working in the major field one year after graduation and also the ratio student loan debt to salary at various time spans after graduation. He said that those are published separately specifically so that people don't start asking why none of the other institutions don't have to collect and publish similar numbers.
That has since become a crude metric by which I quickly judge in which tier to place a school. I've found that most of the schools that would be on nearly anyone's list of high quality institutions track and report that kind of data while few others do.