Author: Bob Phillips
Date: 2010-05-19 15:55
The de-emphasis on education in America is just appalling. During the discussions about fluffing up our economy a few years ago, the "education industry" was one candidate for additional funding; and tax cuts were another.
I found a very interesting academic study showing the return on investment for these two options (and others). The measures were number of jobs per dollar, and the number of dollars returned right away per dollar invested.
Education is one of the few places you can put stimulus money that gives a positive return: a dollar buys you something like $1.30.
To contast, a tax cut will return only about 60-cents on the dollar. AND, the job growth amounts to a few part time retail sales jobs with ZERO benefits.
Still, dogma flies in the face of reality and looks in the wrong direction for "solutions."
We are a nation that can not think, that ignores facts and operates on wishes.
Bob Phillips
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