Stay updated with breaking news from Bond firm. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
100 representative american kids entering high school. what does fate have in store for them? 25 out of that 100 won t graduate from high school. a total of 50 won t go to college. that s half the class that won t go on to higher education. 50 will attend college, but only 22 will graduate within six years. meanwhi meanwhile, other countries are outstarting us. on a recent international test, u.s. students ranked only 15th in the world in reading, 23rd in science and 31st in math. overall, the world economic forum ranks the quality of our education at 26th. what s odd is that we ve been outspending most developed countries by a long shot. in 2007, we spent over $10,000 per student versus the $7,400 average for rich countries. how can we spend so much money and have so little to show for it? we ll ask that question and others to some of the leading figures in american education here on this special essay. we ll examine the role of teachers, testing ands technology. and w ....
For high school dropouts, it is 14%. part of the reason we re in this crisis is that we have slacked off and allowed our education system to get rigid and sclerotic. but part of it is that other countries have focused intensely on education in recent decades. the result? we have a population of adults now that face real competition in a global economy. as bill gross, the head of the world s largest bond firm, pimco, puts it, american workers are too expensive and too poorly educated to compete globally. there are two variables here. our education level, which is too low, and our wages, which are too high. either we raise education or markets will lower our wages. it s already happening. our decline in education achievements over the last 20 years has been accompanied by a stagnation in wages for the median american worker. ....
We ve listened to the experts. so what should we do about american education? here are my thoughts. first, let s face up to the fact that we have a deep problem. the data is clear. the unemployment rate for college graduates today is just 4%. for high school dropouts, it is 14%. part of the reason we re in this crisis is that we have slacked off and allowed our education system to get rigid and sclerotic. but part of it is that other countries have focused intensely on education in recent decades. the result? we have a population of adults now that face real competition in a global economy. as bill gross, the head of the world s largest bond firm, pimco, puts it, american workers are too expensive and too poorly educated to compete globally. there are two variables here. our education level, which is too low, and our wages, which are too high. either we raise education or markets will lower our wages. ....
That we have a deep problem. the data is clear. the unemployment rate for college graduates today is just 4%. for high school dropouts, it is 14%. part of the reason we re in this crisis is that we have slacked off and allowed our education system to get rigid and sclerotic. but part of it is that other countries have focused intensely on education in recent decades. the result? we have a population of adults now that face real competition in a global economy. as bill gross, the head of the world s largest bond firm, pimco, puts it, american workers are too expensive and too poorly educated to compete globally. there are two variables here. our education level, which is too low, and our wages, which are too high. either we raise education or markets will lower our wages. it s already happening. our decline in education ....
in 2007 we spent over $10,000 per student. versus the $7,400 average for rich countries. how can we spend so much money and have so little to show for it? we ll ask that question and others to some of the leading figures in american education. here on this special and in a time essay. we ll examine the roll of teachers, testing and technology and we ll ask the man who spend billions of dollars trying to fix education about how he s spending his money, microsoft founder and philanthropist, bill gates. first, there are two nations whose students consistently rank on top of the world. south korea and finland. what is their secret? we ll take you there and show you how they get their impressive results with completely opposite approaches. let s get started. welcome to seoul, south california korea. there are many reasons to be impressed with this. ancient tiger that rose from the ashes of the civil war. but south korea s crown jewel is its education system. thanks to a mi ....