Improving the relationship between academics and employers depends less on what courses students take than on what the work world has to offer. The division of life into youth for education, maturity for work, and older-age for neither must be reexamined so as to better utilize society's human resources. (AF)

Negative hypotheses that universal education will lead to unqualified students, oversupply of graduates, unemployment of graduates, lower earnings for graduates, and declining personal and social benefits of investing in higher education are rebuffed. The case is made that social returns on investments in higher education continue to be high.…

In discussing the role of education in assuring equity of opportunity for greater social and economic mobility, the conflicts among equity, open access, and the oversupply of educated labor are recognized. It is proposed that colleges can deal with these difficulties through improved advisement, instruction, and certification procedures. (AF)