ABSTRACT
This chapter examines some of the trends in the wider marketplace and their implications for the future of higher education. There were predictions of institutional collapse due to faculty recruitment in the next decade. Another significant trend has been the shift of many student-related functions from professors to nonacademic personnel in the university's "civil service." Universities are holding more of their graduates at their own level, trading them with one another and employing them at home rather than supplying them to the minor league institutions which, in turn, supply the bush league. This choking off of the supply of potential job candidates for the lesser colleges and the fringe employments of business and industry has resulted in greatly increased prices for the now scarce major league Ph.D. in these sectors. The chapter observes that there is a tendency for wages to be raised from the bottom up, since it is the bottom institutions, which are most responsive to market changes.
