This article is adapted from a memorandum prepared by the head of an independent school for the education and compensation committees of the school's board of trustees. Presented in question-and-answer format, it reflects primarily a faculty point of view. (Author/SJL)

According to the Advisory Board of the National Center on the Educational Quality of the Workforce (EQW), young people in the United States are losing out in the job market, too often having to settle for intermittent, part-time jobs, routinized work, low wages, and few if any benefits. This circumstance has been the result of a net loss of 1.65…