Thursday, December 4, 2014
U.S. economy would increase by $20 trillion if Black and Hispanic high school math scores = White
Past research suggests that the economic well-being of a society is related to the health and success of the society’s educational system.
A new report estimates that if Black and Hispanic high school math scores increased to become equal to those of White high school students, the size of the U.S. economy would increase by $20 trillion by 2050. It also projects that tax revenues would rise by $4 trillion for federal and $3 trillion for state and local. The report therefore argues for substantial public investment aimed at closing achievement gaps.
A review published today concludes that, while the new report’s broader claim that closing achievement gaps would likely produce economic gains is sound, the report’s specific calculations are insufficiently supported by detail and checks of accuracy.