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I'm not sure if there are empirical analysis to support this, but I believe that investing in education has the greatest returns (up to the limit when your whol
by bokonist 18y ago
I'm not sure if there are empirical analysis to support this, but I believe that investing in education has the greatest returns (up to the limit when your whole population is educated maximally--but that's a far ways off from where we are right now).
The empirical analysis is all decidedly negative. The U.S. dramatically increased education spending in the past thirty years with nothing to show for it. On a local level, pretty much every study of increased school funding has shown no impact. From my experience, formal schooling has very little value add on top of what kids learn from their parents, on their own, and on the job.
- tptacek 18y agoAgain: there's more to the funding situation than this factoid. It remains entirely likely that our schools are underfunded, in which case all you're pointing out is one of the causes of that underfunding (that school administration is sapping funds needed for teachers and classrooms).