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Probably a really good way to globally spend money-- I wonder how past investments in education have worked out economically.
by dr_dshiv 4y ago
Probably a really good way to globally spend money-- I wonder how past investments in education have worked out economically.
- tagami 4y agoIt is important to measure results generationally. Typical VC time scales have far too short of a window to demonstrate a return. How does one quantify preparing the next generation?
- Cilvic 4y agoYes! I don't know about past investments. But I found one part of the report that shows the potential return: Page 11: >Without action, the current generation of students now risks losing $21 trillion in lifetime earnings in present value, or the equivalent of 16 percent of today’s global GDP. Relative to current incomes, this economic cost is disproportionately borne by low- and middle-income countries, in which this generation of students could lose $11 trillion of lifetime earnings.9 In addition to this intergenerational inequality shock, evidence is mounting that the shock has worsened inequality within the current generation of children, as those from lower socioeconomic backgrounds and other disadvantaged groups have suffered larger learning losses.10 Putting this as annual earnings equivalent, in low- and middle- income countries, this implies that the average person of the school-age generation might see a reduction in annual income of $975.