Education and Growth
The slowing growth per capita is a pressing issue that cannot be remedied through stimulus or programs; it hinges on productivity and innovation. A decline in the education system threatens to create a virtual underclass, denying individuals the opportunity to utilize their talents effectively. The shift towards a meritocratic education system has historically matched smart individuals with productive roles, but the current trend risks wasting potential and stifling long-term growth.In this clip
From this podcast
All Else Equal: Making Better Decisions
Ep 8 “Fair or Unfair: Do Competitive Markets Give Everyone a Chance?”
Related Questions
How important is education in addressing poverty, as discussed in the episode Robert Barro on Growth and the clip Convergence, Education, and Productivity?
How important is education in addressing poverty, as discussed in the episode Robert Barro on Growth and the clip Convergence, Education, and Productivity?