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13 April 2009

Speaker series need of education for economy

Thursday's Wells Fargo Business Speaker Series confronted students with the importance of education and stated that the economic workforce situation is a result of the lack of education.
Speaker Richard D. Reinhold, founder of SOS Temporary Staffing, talked about the changing work force in the American work place. Reinhold said students in the School of Business are the future leaders of the economy. He said there is a lot of work to be done with business, and if it isn't done, the U.S. will continue to lose its share in the global market place.
In high schools today there is a 30-percent dropout rate, and only 65 percent of men and 73 percent of women graduate, Reinhold said. The primary reason why the United States is having problems with education and rank lower in education than other industrialized countries is because they spend less time in the classroom and less time focusing on core subjects, he said.
"You probably went to school about 170-180 days a year," Reinhold said. "(Other) industrialized countries have their students go 306 days and … that means that they are spending well over 50 percent more days in school." In addition, there are several hundred thousand people classified as "functionally illiterate," which means it is difficult for them to operate in a normal life, he said.
Each year in Los Angeles, there are 300,000 students who are given a special diploma, which states they attended high school but that their grades weren't good enough to get a regular diploma, Reinhold said. "Many of these people do not have the basic skills that might put them in the functionally literate category," he said. Reinhold said as a result workers, such as dropouts and functionally illiterate, are unable to do the technical jobs available in the work place.
Furthermore, he said people who are incarcerated in jails or prisons are also a problem, because 80 percent of them have a literacy problem; they are either illiterate or functionally illiterate and are involved in welfare and unemployment

Source: media.www.suujournal.com/media/storage/paper951/news/2009/04/14/News/Speaker.Highlights.Need.Of.Education.For.Economy-3708220.shtml

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