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Economy and Education: How America is Falling Behind

1+1= 2 e=MC2 AB @ Economy and Education: How America is Falling Behind le There is strong evidence that economic growth stimulates spending on education and participation in schooling. How is this working in the world's largest economy: the United States of America? SCHOOL OllO Edvcation efa ation. 1867 FEDERAL DEPARTMENT OF EDUCATION IS FORMED (1870) 1990 2010 First report by the new Education Department: Latest figures, released in 2012 And then.... ABC 67 million children enrolled in public 7 million children enrolled in elementary school 80,000 enrolled in secondary schools 9,000 college degrees awarded 30 million children enrolled in public elementary'schools 11 million enrolled in secondary schools elementary school Over 1.5 million bachelor's and higher degrees awarded 24.7 milliion in secondary schools 6.6 million in degree- granting post secondary schools In the second hall of the 20th century: U.S. is global leader in education, with largest supply of highly qualified people in its adult labor force of any country in the world. As the U.S. population nearly doubled between 1950 and 2000, the labor force also grew... from 62 million in 1950 to 149 million in 2005. This tremendous stock of highly educated human capital enabled the United States to become the dominant economy in the world and take advantage of the globalization and expansion of markets. BUT THAT LEAD HAS SHRUNK SIGNIFICANTLY OVER THE PAST DECADE: Over the next 50 years: the labor force is projected to grow at about 0.6 percent per year as baby boomers retire. As a result, there are mounting concerns about future growth of the U.S. economy. 63% Fact 41% of U.S. jobs will require some form of postsecondary education or training by 2018. of adults today have a college degree in America. Falling Behind. Percentage of Population Achieving High School Graduation or Equivalent (2005) tiermany 100% Finland 95% Japan -92% South Korea -93% %23 Suwitzerland Slovak Republie United States =840% New Zealand -88% 75% 72% C• Pertugal *53% Tunkoy x48% Mexico x41% THE GOOD NEWS At the higher education level, the United States has a strong system that is admired around the world and is a leader in research. MORE GOOD NEWS The U.S. tied for first in University and college graduation rates. STILL MORE GOOD NEWS 18 of the top 20 universities in the world are in America. Bue NOT SUCH MORE NOT GOOD NEWS SUCH By 2008, US ranked 15th among 29 countries with comparable data in number of educated students. GOOD NEWS The United States falls to 10th REALLY place in the rankings when it comes to the proportions of younger adults aged 25 to 34 who have an associate's degree or higher. NOT SUCH GOOD NEWS Looking ahead to 2020, the U.S. proportion of that global talent pool will shrink even further as China and India, with their enormous populations, rapidly expand their secondary and higher education systems. If the U.S. high school graduation rate remains flat and China continues on its current path, China will graduate a higher proportion of students from high school within a decade. 200 Fact 66 million million number of Chinese students number of US students in elementary and secondary education in elementary and secondary education Students in Latvia, Chile and Brazil are making gains in academics 3X faster than American students, while those in Portugal, Hong Kong, Germany, Poland, Liechtenstein, Slovenia, Colombia and Lithuania are improving at 2X the rate. OMG, I'm falling behind! Researchers estimate that gains made by students in these 11 countries equal about two years of learning. Earnings Each additional year of schooling appears to raise earnings by about 10 percent in the United States. The lobal Talent Peol is Sbifting THE RISE OF ASIA is one of the most critical developments of the late 20th and early 21st centuries. 1980 to 1990 World-class companies like Sony, Honda, Toyota, and Nissan achieved great success in industries where the United States had once been dominant. 1980 to 2003 China's to USD $36 trillion, making it the world's second-largest economy. It is expected to grow to USD $60 trillion by 2020. increasing from USD $12 trillion Education Trajectery:-. The Shift in Education. Most of the top performers are in Asia. Shanghai and Hong Kong lead the way, followed by Singapore, South Korea, and Japan. Hong Kong Shanghai singapore south Korea Japan #3 #1 #2 #4 #5 82 million A Fact number of college level graduates in China. A smaller proportion of the population than the U.S., but still far greater than the China expanded the number of students in higher education from 6 million in 1998 to 31 million in 2010, going from almost 10 percent to about 24 percent of the cohort. 31 million age Many of these students study science and engineering. college level graduates in the U.S. pace of change in high school graduation in some countries has been astounding: The Two generations ago, South Korea had a similar economic output to Mexico and ranked 24th in education among the current 30 Organization for Economic Co-operation and Development's (COECD) countries. Us Lags Behind at.. Higber Education Level Science Za.b*=c* %3D U.S. students ranked 23rd among all nations and provinces taking a standardized test. The United States ranks 31st among all nations and entities taking the test. Reading A+ The United States ranks 14th. SHANGHAI, CHINA is #1 in all three categories When the average number of years of schooling in a country was higher, the economy grew at a higher annual rate over subsequent decades. Each additional year of schooling in a country increased the average 40-year growth rate in GDP by about 0.37 percentage points. ECONOMIC GROWTH PER DECADE A country able to attain literacy scores 1% higher than the international average will achieve levels of labor productivity of 2.5% higher than those of other countries and GDP per capita of 1.5% higher. Q Prejectien. Consider this possible shift in the world's economic giants- 2016 China will surpass U.S. as the world's largest economy 2013 2060 U.S. is the world's top India will outstrip the U.S. economy economy Brought to you by SOURCES &adxnnlx=1382531432-jUddfPIPr2qhB3sbgN8EGA Comparative International student scores came from: Organisation for Economic Cooperation and Development's (OECD's) Programme for International Student Assessment (PISA) AND the Trends in International Mathematics and Science Survey (TIMSS) conducted by the International Association for the Evaluation of Educational Achievement. Future economic projection by: Organization for Economic Cooperation and Development, a European-based think tank, YEARS OF SCHOOLING Freshman NMMI Sophomore WAWINME Junior INAININ 1st year college INWMOMAWN

Economy and Education: How America is Falling Behind

shared by BrianClk on Feb 21
It`s really sad but it`s seems that when is coming to education, America is falling behind.


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