A week ago, high school dropout rates were reviewed by congress. It’s reported that 7,000 students a day! In 2010! It seems that only 70% of high school students graduate on time. This isn’t a direct connection to any job search or any job tips but think about this:
A recent report by the McKinsey Corporation showed that if minority student performance had reached white students by 1998, the GDP in 2009 would have been between $310 billion and $525 billion higher – or approximately 2 to 4 percent of GDP. The report also says the achievement gaps in this country are the same as having “a permanent national recession.
It’s hard when we have a recession going on but the more we investigate the more it seems we let this happen. These students are from public schools. Well schools didn’t get this way overnight. It took time to degrade our system into this type of deplorable condition. We should all be ashamed. 1998 – 2008 was a great time to invest in education.
If we don’t fix something in our countries educational system we might as well expect the recession to last longer than projected. These former-students aren’t going anywhere and with their lack of education they will start drawing support from the government too.
So in effect taxes will rise, growth will slow and the mass supported by the government will become larger. This isn’t political discourse it’s a fact. This report speaks to this unfortunate consequence of not acting.
What do you think? Are you worried about this issue?
To read the article from the government about this topic read further here.
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