Reports on a study of data from the March 1980 Current Population Survey about the impact of the number of high school diplomas and their value in the labor market. Finds that, although traditional economic models suggest that a large number of diplomas diminishes their value, the queuing model shows that it could be an asset. (CFR)

Compares employers' stated needs for entry-level workers possessing better academic skills with their training programs and hiring practices to supposedly meet this need. Discovers a dichotomy between the stated needs and the corrective practice. Most remedial training emphasizes short-term job skills and hiring practices do not reward academic…