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Due to long-standing underinvestment in education, the United States is tragically witnessing a decline in workforce quality.
In the 2015 Program for International Student Assessment (PISA) test, 15-year-old American students ranked 13th out of 35 countries in math!
1/11
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Due to long-standing underinvestment in education, the United States is tragically witnessing a decline in workforce quality.
In the 2015 Program for International Student Assessment (PISA) test, 15-year-old American students ranked 13th out of 35 countries in math!
1/11
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Cont...
When this generation of students joins the workforce, the USA will likely cease to remain competitive in technological innovation.
We must increase education investment, if we are to improve or even maintain our current GDP.
2/11
#Education
Cont...
When this generation of students joins the workforce, the USA will likely cease to remain competitive in technological innovation.
We must increase education investment, if we are to improve or even maintain our current GDP.
2/11
#Education
Cont...
For over 30-yrs, the short-sighted GOP undermined education through deep funding cuts.
While the U.S. has been slowly self-destructing, we’ve allowed China to become the 2nd strongest global economic power.
China’s invested robustly in education & globalization.
3/11
For over 30-yrs, the short-sighted GOP undermined education through deep funding cuts.
While the U.S. has been slowly self-destructing, we’ve allowed China to become the 2nd strongest global economic power.
China’s invested robustly in education & globalization.
3/11
Cont...
China is the example of excellence in growth over the last 40 years. It’s now the world’s 2nd largest economy.
By 2014, China’s purchasing power parity—how much a country's money can buy in other countries—was $17.6 trillion, surpassing the US’ $17.4 trillion.
4/11
China is the example of excellence in growth over the last 40 years. It’s now the world’s 2nd largest economy.
By 2014, China’s purchasing power parity—how much a country's money can buy in other countries—was $17.6 trillion, surpassing the US’ $17.4 trillion.
4/11
Cont...
“Economic growth improves living standards, while political instability and short-term policies harm the economy.”
We’ve just experienced the worst 4-years of political instability, coupled with bad short-term policies—and overall terrible governance.
5/11
“Economic growth improves living standards, while political instability and short-term policies harm the economy.”
We’ve just experienced the worst 4-years of political instability, coupled with bad short-term policies—and overall terrible governance.
5/11
Cont...
“For the first time in American history, it’s next generation of workers will be less educated than its last.”
This is tragic and the trend must begin a reversal ASAP. The Biden Administration must make substantial investment in STEM education, it isn’t optional.
6/11
“For the first time in American history, it’s next generation of workers will be less educated than its last.”
This is tragic and the trend must begin a reversal ASAP. The Biden Administration must make substantial investment in STEM education, it isn’t optional.
6/11
Cont...
Trends toward protectionism negatively affect the global AND national economy. History has proven this.
Just consider the 1930 Smoot-Hawley Tariff Act, which enforced an effective tax rate of 60 percent on over 3,200 products imported into the United States.
7/11
Trends toward protectionism negatively affect the global AND national economy. History has proven this.
Just consider the 1930 Smoot-Hawley Tariff Act, which enforced an effective tax rate of 60 percent on over 3,200 products imported into the United States.
7/11
Cont...
Other countries retaliated by imposing tariffs on American products.
The result was job losses and lower living standards: America’s GDP plummeted from $104.6 billion in 1929 to only $57.2 billion in 1933.
8/11
Other countries retaliated by imposing tariffs on American products.
The result was job losses and lower living standards: America’s GDP plummeted from $104.6 billion in 1929 to only $57.2 billion in 1933.
8/11
Cont...
So how do we overcome the economic challenges we face?
We need long-term economic growth to achieve higher living standards, which requires:
-better education
-increased wages
-reduced income inequality
-access to health care for all
The opposite of Trumpism.
9/11
So how do we overcome the economic challenges we face?
We need long-term economic growth to achieve higher living standards, which requires:
-better education
-increased wages
-reduced income inequality
-access to health care for all
The opposite of Trumpism.
9/11
Cont...
However, Trump’s “policies” all favored short-term, short-sighted destructive policies steeped in protectionism.
If we don’t manage to steer our democracy & others away from this path, economic stagnation and lower standards of living are sure to follow.
10/11
However, Trump’s “policies” all favored short-term, short-sighted destructive policies steeped in protectionism.
If we don’t manage to steer our democracy & others away from this path, economic stagnation and lower standards of living are sure to follow.
10/11
Cont...
We must start by improving American education now.
A big injection of funding, increased teacher salaries to attract top educators, a complete reorganization prioritizing of the STEM curriculum, address student debt, cut costs for gifted children, etc.
@DrBiden
11/11
We must start by improving American education now.
A big injection of funding, increased teacher salaries to attract top educators, a complete reorganization prioritizing of the STEM curriculum, address student debt, cut costs for gifted children, etc.
@DrBiden
11/11
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Quotes from & suggested reading:
“Edge of Chaos”
Why democracy is failing to deliver economic growth and how to fix it.
by: Dambisa Mayo
Quotes from & suggested reading:
“Edge of Chaos”
Why democracy is failing to deliver economic growth and how to fix it.
by: Dambisa Mayo
