The depressed labor market for humanities graduates is discussed. Although attempts have been made to develop new areas of demand for Ph.D.'s, particularly, in the corporate sector, graduate study in the liberal arts is not seen as a logical way to prepare for a career in business. (MLW)

The Clinton administration's proposed national service program for college students receiving federal financial aid is examined from a labor-market perspective. It is proposed that national service and higher education be linked more formally than in the current proposal, avoiding considerable bureaucracy and potentially improving program quality.…

Market forces suggest that this should be a period of extensive innovation in graduate education, but the importance of relative prestige to universities mutes incentives to innovate. Some predictions about the prospects for innovation in colleges and universities are provided. (Author/MLW)

Some possible solutions to the shortage of faculty jobs are addressed in two papers. In "PhDs in Nonacademic Careers: Are There Good Jobs," Lewis C. Solmon evaluates the prospects for nonacademic jobs for humanists, scientists, engineers, and social scientists, based on three separate studies. Projections on the probable major of undergraduates…