The faculty labor markets within a southern and a western state university were analyzed by discipline and compared with the national labor market. Data were obtained for 1978-1979 to 1981-1982 from two large universities, and selected comparisons were made with results of the Faculty Salary Survey by Discipline of Institutions Belonging to the National Association of State Universities and Land Grant Colleges. One university was studied longitudinally, while the other was studied for one academic year. Disciplines studied included those that experienced a decline in student enrollment over the past 5 years (e.g., education, English, history) and those that experienced enrollment growth (e.g., accounting, journalism, and marketing). Attention was directed to whether shifts in student demographics and interests have paralleled the bargaining power of some disciplines over others. Several approaches to determine the impact of national and regional competition for faculty upon the internal salary structure of the two state universities were undertaken. These methods showed a reasonably close congruence between national market factors and salaries at both institutions. (SW)