Considers that the supply of new scientists and engineers will eventually become limited by the availability of motivated and able young people. Population, enrollment, and employment projections to 1990 suggest that a shortage of graduates will occur in the 1980's. (AL)

Traces the decline in United States productivity growth since the late 1960's. Suggests that the failure to innovate, changing demographics, and disruptions to the economy (including oil price increases and inflation) are major contributors to the decline. Argues that American living standards will stagnate unless this trend is reversed. (TW)