Yay! We found a way to fix the economy—convince high school dropouts to stay in school. Mayors are seriously going door to door to do just that.
WSJ: The longstanding American dropout problem may be especially thorny now, with a looming recession. Cutting the number of dropouts in half would generate $45 billion annually in new tax revenue, according to America’s Promise — assuming there are ultimately enough jobs to accommodate the graduates.
Marguerite Kondracke, president and CEO of America’s Promise, says there are about 77 million people who are hoping to retire — circumstances permitting — and are depending on workers to “fuel our economy and future growth, and the next generation of workers is not prepared for the 21st-century global economy.”
Ms. Kondracke calls the dropouts “our next class of nonperforming assets.” She says that each year dropouts represent $320 billion in lost lifetime earning potential. Jay Smink, director of the National Dropout Prevention centre at Clemson University, says the difference in lifetime salary for a dropout and a high school graduate is about $300,000.
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