Better prepared, higher achieving students mean better workers, stronger businesses and a better economy, right? In all theory, this should be true. In the handy infographic below, the US Chamber of Commerce Foundation takes a look at the US education system from a business perspective. Will more students staying in school mean less unemployment? Will outcomes-based learning reform make a difference? These questions are being asked but it doesn’t seem like anyone is answering them. That’s not unlike schools right now where classrooms are becoming a bit less reliable as indicators of the health of a country. In other words, the U.S. education system (to pick one as an example) is in need of some healthy education reform and there’s a role that businesses of all sizes should be playing. Not to make money off the system but instead to help make it better and productive. That, in turn, will yield some high quality students for those businesses in the long run. Below are just some of the interesting statistics offered in this visual look at ed reform.
Why should a small (or any size, really) business care about education reform? This visual sheds some light on the key things all businesses should know.
A Business Case For Education Reform
- 49% of US employers say they have difficulty filling job vacancies due to lack of available talent.
- 3.8 million jobs are vacant in the US.
- 11.7 million Americans are unemployed.
- By 2018, 2/3 of all jobs will be STEM related.
- By 2020, it is estimated that 13 million students will drop out of high school.
- The estimated cost to the economy of all of those dropouts is $3 Trillion.