Submitted by National High S... on
At a time when unemployment rates are still sky-high and state budgets are gasping for air across the nation, the Alliance for Excellent Education has released a series of reports that propose a solution. According to the reports, if we want to generate new jobs, increase tax revenues and provide a boon to the limping housing market and automobile industry, we should focus efforts on increasing the graduation rate. Projections from the nationwide report suggest that increasing the graduation rate by 50% would lead to:
- $7.6 billion in increased earnings
- $5.6 billion in increased spending and $2 billion in increased investments
- 54,000 new jobs
- $713 million in increased state tax revenue
- earn $303,000 more in wages;[2]
- pay $64,000 more in income taxes;
- will spend over $247,00 more in cash and in-kind transfers;
- incur $5,500 less in social costs – or costs affiliated with social services and prisons;[3] and
- earn $1.76 million more as college graduates than as high school graduates. [4]
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