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I am a philosophy major, but I plan on going to grad school for urban geography and urban planning. In many ways, I am better prepared than most people that came out of receiving a geography degree, because of the valuable skills I learned while working towards my philosophy degree. Philosophy truly helps you to read, write, and think critically much better. These are major keys in the world today, and employers look for them in potential hires.
...should I instead be interested in pursuing economics and/or sociology?
I'll be honest, I have to disagree with most of the comments here so far. To be blunt, were I you knowing what I now know, I would pursue economics as a major and philosophy and/or sociology as (a) minor(s) (if possible). Actually...I take it back...I would go into nursing.
But that's because nursing will be quite useful in the impending zombie apocalypse. ...
Joking aside, as much as I hate to admit it...after schooling one has to enter the job market. One has a better chance of landing a job in a field with 10 other qualified candidates than one has with 50, and the phil major is competing not with other phil majors, but with bloody nearly every liberal arts major out there - the markets are flooded with them.
And it wouldn't be so bad if most of us didn't leave school with loans. As it is, I am about to graduate from university with a BA in Philosophy, pre-law emphasis, and roughly 30k in loans to pay off.
My choices are limited - I can...go to law school. I am qualified for any non-science-oriented job, but regarding a career path that will surely pay off those loans? It's either law school or something very unconventional (for information's sake, I'm taking the unconventional route - I do not believe I am law school material).
If obtaining my philosophy degree had been free, I would have zero regrets. It is not, however, and as such I do wish I had chosen a degree which would definitely earn me enough money to pay off loans and live a life - once doing that, I'd have time and money to pursue learning for learning's sake. To appreciate learning one must make sure that first level or so of Maslow is taken care of!
The important thing to me to remember about a philosophy degree is that it's a toolbox. No one will care that you can quote Aquinas...but they -will- care that you can use those critical thinking skills to solve problems at work that come up.
That is...pursue the formal learning in philosophy as a minor because it is truly not the material that is important - it's the writing of papers and getting feedback that's very different from an English prof's critiques, and the having to truly think through what one is writing and why one is writing it...that's what is important about this degree and it's formal training. You can't get that kind of feedback from reading on your own, unfortunately.
As to the respect level...One of my favorite things to observe is when I tell someone I'm majoring in philosophy and watching their reaction. It tells me how much they know about what it really means. Usually people ask what I'm going to do with -that-, but once in awhile someone will know that a philosophy degree isn't about what you're going to do because of it as much as it is what you're going to do with it.
I haven't really noticed the public at large either paying attention to or not paying attention to the ideas of those with a philosophy background, to be honest. Your average person just plain doesn't know who Singer is...and when it comes to many of your concerns, your "audience" so to speak will not be those who know who Singer is, metaphorically speaking
So this was so rambly...it's late...erm, early, here...and I'm quite tired :p