Here’s a great presentation on drivers of economic growth by Amy Liu, a senior fellow at the Brookings Institute and co-director of the Brookings’ Metropolitan Policy Program. This slide is particularly interesting – and worth showing your kids…
Archive for the 'Education' Category
Really interesting data about ROI by college on PayScale.com.
A few selections. I’m guessing that the Ivys and the like rank high because they feed finance and professions. State schools with a technical or engineering bent also do well.
Here’s a sample:
Thanks to EvoLLLution for creating an interesting study. It’s a couple of years old, but I just ran across it.
Many North Americans have trouble keeping pace with the changes occurring in today’s work- place. Despite the existence of 9.3 million unemployed Americans, the country experienced a shortage of 7 million skilled workers in 2010, a shortage that is expected to climb to 21 million by 2020. A lack of educational attainment sits at the root of the issue. So much so, that unless more North Americans strive to achieve a higher level of education, average income per capita is going to decline within the next decade.
If I understand the stats, this means that (in theory) the skills gap is responsible for 75% of the unemployment rate (7 million unfilled positions / 9.3 unemployed).
The skilled worker shortage is expected to grow to 21M by 2020. Crazy.
I’m very interested in seeing the breakout of the skilled worker shortage.
Once employed, the need for education never ends. 70% of employers say that continuing education is a requirement to simply stay current. Most of the report focuses on this issue.
Definitely worth a read.
Giving away effective methods for mastering the world’s knowledge presents a Napster-like challenge for companies such as London-based Pearson and McGraw-Hill, which publish two of the most popular grade-school math textbooks and offer extensive online and digital components. For Pearson, the education segment in North America, comprising textbooks, online products, and test administration, represented $4.2 billion worth of business in 2010; for McGraw-Hill in 2009, it was $2.4 billion. Education Market Research estimates that the K-12 textbook market alone will reach $3.5 billion in the 2010-2011 school year.
From CBS Evening News
Only 50,000 students study Mandarin now; up from 5,000 in 2001. Small but growing fast.
5MM take Spanish, French and German, the top three studied languages.
Mandarin is becoming seen as a “more useful” language for the future of course.
There is a shortage of teachers.
Japanese language has lost much of its popularity in the US.