I see a high risk developing within academia. The industry can have a serious backlash, from the general public and even a government response. Law schools come to mind, as in the last decade they churned out JDs. Law schools sometimes implicitly and sometimes explicitly suggest almost guaranteed high income jobs. Yet, the glut of lawyers is so high, many are willing to take paralegal or unpaid, long internships just to get their foot in the door. Politicians smell blood and there is a high chance they will "fix" the problems by some legislature. Why are they churning out all these doctorates? The purpose of tenured positions, as far as I understand is to give an opportunity to allow for research. The research is there to allow the college to sell the patents, licenses, copyrights, etc. It used to be a critical income stream. This is not the case with distance education. The cost of administering a DL class compared to a B&M class is fractional. I see the DL class trend to go even further to the point of fully automated process. There is no real need for even a Master's degreed individual to manage many 100, 200, and maybe even 300 level courses. I can see a fully-automated undergraduate degree in the future, with no highly educated, let alone "doctors" involved. So, I believe the fewer tenured positions are at least indirectly, because the successful income stream of distance learning. Just a thought.