middleagedgamer
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Every school day, seven thousand teenagers will drop out of high school, according to this citation right here:
http://www.all4ed.org/files/archive/publications/HighCost.pdf
So, in the past week, 35,000 high school dropouts were created. If the school year has 185 days, that means that, on average, there are 1,295,000 teenagers who drop-out.
High school drop-outs make less money; therefore, they contribute less to the economy by being able to consume and invest less. Therefore, it is not just their loss for dropping out; it is the entire country's loss, because of the effects that it has on the GDP.
For example, the difference in the average salary of a high school graduate and a high school dropout is approximately $9,634 a year, according to that source I cited. This means that, every year, high school dropouts cost the country's GDP about $12,476,030,000. That is twelve billion, four hundred seventy six million, thirty thousand dollars of GDP a year. We're not even talking million, anymore; we're talking billion.
Not only that, but that's just for one generation of high school dropouts. This amount will increase with every year. This year, high school dropouts will cost us nearly twelve and a half billion dollars in GDP. Next year, high school dropouts will cost us nearly twenty-five billion dollars in GDP!
By the time you reach the age of retirement, at 65, you have been an adult for 47 years. This means, over the course of your lifetime, you have cost the country over $450,000 in GDP. Over the course of all the lifetimes, a single generation of high school dropouts cost the country over $586 billion, and that's just for ONE generation!
Even right now, 15 million Americans are estimated to possess a GED, according to this.
TestKing.com GED
That means that, as of right now, all high school dropouts, past and present, are costing our GDP approximately $144.51 billion per year, and that is not even counting the people who dropped out without getting a GED.
Are you starting to see the effects that this has on our economy? Clearly, if you drop out of school, you are not just hurting yourself; you are hurting the entire country. Therefore, this HAS to stop.
I believe, anyone who neither possesses a high school diploma, nor is currently enrolled in high school, should not be entitled to any welfare or social security benefits. People who already had a GED prior to the passing of this law would not be affected, as the Constitution clearly prohibits ex post facto laws. Those also affected will also not be entitled to a tax refund, which means all that money that was originally withheld from your paycheck will stay withheld. They will also be barred from serving in the military, which GEDs currently allow.
States may also take measures to discourage high school drop-outs, such as abolishing GED programs altogether (thereby preventing them from going to college).
These provisions are inexpensive to implement (they might even be deficit-reducing, since they are no longer entitled to welfare and social security benefits, the single biggest government expenditure in existence today), and yet, will still encourage kids to stay in school.
Thoughts?
http://www.all4ed.org/files/archive/publications/HighCost.pdf
So, in the past week, 35,000 high school dropouts were created. If the school year has 185 days, that means that, on average, there are 1,295,000 teenagers who drop-out.
High school drop-outs make less money; therefore, they contribute less to the economy by being able to consume and invest less. Therefore, it is not just their loss for dropping out; it is the entire country's loss, because of the effects that it has on the GDP.
For example, the difference in the average salary of a high school graduate and a high school dropout is approximately $9,634 a year, according to that source I cited. This means that, every year, high school dropouts cost the country's GDP about $12,476,030,000. That is twelve billion, four hundred seventy six million, thirty thousand dollars of GDP a year. We're not even talking million, anymore; we're talking billion.
Not only that, but that's just for one generation of high school dropouts. This amount will increase with every year. This year, high school dropouts will cost us nearly twelve and a half billion dollars in GDP. Next year, high school dropouts will cost us nearly twenty-five billion dollars in GDP!
By the time you reach the age of retirement, at 65, you have been an adult for 47 years. This means, over the course of your lifetime, you have cost the country over $450,000 in GDP. Over the course of all the lifetimes, a single generation of high school dropouts cost the country over $586 billion, and that's just for ONE generation!
Even right now, 15 million Americans are estimated to possess a GED, according to this.
TestKing.com GED
That means that, as of right now, all high school dropouts, past and present, are costing our GDP approximately $144.51 billion per year, and that is not even counting the people who dropped out without getting a GED.
Are you starting to see the effects that this has on our economy? Clearly, if you drop out of school, you are not just hurting yourself; you are hurting the entire country. Therefore, this HAS to stop.
I believe, anyone who neither possesses a high school diploma, nor is currently enrolled in high school, should not be entitled to any welfare or social security benefits. People who already had a GED prior to the passing of this law would not be affected, as the Constitution clearly prohibits ex post facto laws. Those also affected will also not be entitled to a tax refund, which means all that money that was originally withheld from your paycheck will stay withheld. They will also be barred from serving in the military, which GEDs currently allow.
States may also take measures to discourage high school drop-outs, such as abolishing GED programs altogether (thereby preventing them from going to college).
These provisions are inexpensive to implement (they might even be deficit-reducing, since they are no longer entitled to welfare and social security benefits, the single biggest government expenditure in existence today), and yet, will still encourage kids to stay in school.
Thoughts?
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