British educational policy has increasingly been driven by the concern that higher education should serve the needs of the economy more effectively. Close scrutiny of a recently published government report suggests not that Britain needs more graduates to prosper but that the country first needs to prosper before it can use the graduates it…

Australian census data were analyzed to determine how the transition to a knowledge economy has altered the character of jobs. Of 340 occupations, 84 declined and 64 doubled in overall employment. Occupations dominated by women and part-time workers grew fastest. The knowledge economy has had ambiguous effects; many workers are underemployed.…

Economic changes since 1975 have resulted in a vastly different workplace where a college degree is only a "ticket to compete." Competition, productivity, and unemployment, educated and underemployed, unemployment, debt, the labor market, and vocational survival are discussed. (MLW)

Asserts that enormous public resources are being expended to teach over specialized disciplines that are useless in a market economy. Calls for educational changes including updated curricula and training materials in economics; inservice education and retraining; and a national network of entrepreneurial education. (CFR)