IMHO, the entry level course in SCUBA that was taught when I learned in 1977, using as our textbook The New Science of Skin and Scuba Diving, was superior to the entry level courses taught today with each agency's proprietary textbooks. I believe we covered more topics, and delved deeper into each of them (especially the physics and physiology of diving) than today's neophyte divers do in the typical O/W class.
I agree that as one progresses through the different levels of continuing education, today's diver has a wealth of learning opportunities available to him/her that vastly outnumber what was available 40 years ago. I encourage all certified divers to attain in the very least a Rescue Diver or equivalent level. It is for your own safety, as well as that of your dive buddy/companion.
Nevertheless there are several skills that I consider imperative to good diver safety that are no longer obligatory in basic level training: learning how to use the dive tables; buddy breathing - sharing one second stage between two or three divers; emergency respiration from one's buoyancy vest (using the compressed air within the vest's bladder); the importance of proper weighting, for both trim and obtaining neutral buoyancy at the beginning of your dive (full tank and maximum depth) without the need to inflate your vest; doffing and donning your scuba equipment underwater. These are just a few of the skills that I was taught and believe should still form part of every diver's basic education.