Low educational attainment has a high cost, writes RiShawn Biddle on Dropout Nation. According to the U.S. Census Bureau’s latest report, the median annual income for a high school dropout is $10,996. That’s 60 percent less than workers with some college education and 74 percent less than bachelor’s degree grads.
Young men lag in nearly every educational indicator except math, he adds.
In the Dropout Nation podcast, Biddle argues that President Obama’s $450 billion stimulus plan, which includes $60 billion for “allegedly avoiding teacher layoffs and fixing up school buildings,” will do little for poorly educated jobless Americans.