Quote:
Originally Posted by OrangeBlossomBaby
I find it ironic that some of the people railing against public education, who threatened to homeschool their kids and force schools to get rid of lousy teachers - were not capable of educating their kids when COVID gave them no other option. And no - they weren't busy working for a living - their jobs were shut down too.
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Agreed. Our original thread asked the questions - Who really understands inflation? and How do interest rates control labor and material costs? The basic answer to these questions involves how competent is the US education system compared to other countries. All solution roads lead back to the US reading, math, and problem-solving capability. According to the Organization for Economic Cooperation and Development.......
Millennials in the WORKFORCE for All industrial nations were tested for math and problem-solving. The US came in LAST. Based on achievement tests, the US primary and secondary systems began declining in 1980. US colleges and Universities are still usually rated # 1 in the world (if you can afford them). Denmark has a claim to have the best education system as they enjoy a 99% literacy rate and free education from primary through College. In Finland, a school teacher must have a Masters Degree and the competition for a position is so high that only 1 in 10 succeed (they MUST pay pretty well). By another rating organization, the US primary and secondary system ranks 30th in math worldwide.
The point being, to understand the current inflation and the effect of the FED, the US society at large needs to IMPROVE its math and problem-solving skills. Which means more money INVESTED in public education!!!!!!!! Please.