Education is the key to economic and social stability duane dj sprague

S C H O O L I M P R O V E M E N T N E T W O R K December 2013

S C H O O L I M P R O V E M E N T N E T W O R K

EDUCATION IS THE KEY TO ECONOMIC AND SOCIAL STABILITY

Duane “DJ” Sprague



NATIONAL DATA


America’s Workforce & Education Gap

3.3 Million

Jobs will go unfilled due to mismatched

skills

1.5Million

Too few college graduates to meet employer demands

7 of 14

Fastest growing industries with

STEM jobs

Source: http://www.jobs-council.com/recommendations/prepare-the-american-workforce-to-compete-in-the-global-economy/ & http://www.businessinsider.com/americas-fastest-growing-industries-2013-6


America’s Workforce & Education Gap

By 2018, America will need 23 million students to earn college degrees in order to meet the expected demands of the work force.

We are projected to fall short by at least three to five million.

Source: http://new.every1graduates.org/building-a-grad-nation-state-profiles-and-annual-updates/http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/fullreport.pdf

197391 million

1992129 million

2007154 million

2018166 million

0%

20%

40%

60%

80%

100%

32%10% 11% 10%

40%

34% 30% 28%

12%8% 10% 12%

9%19% 21% 23%

7% 10% 11% 10%

19% 17% 17%

Master's degree or betterBachelor's degreeAssociate's degreeSome college, no degreeHigh school graduateHigh school dropout

By 2018, about two-thirds of all employment will require some college education or better.Source: Authors’ analysis of March CPS data, various years; Center on Education and the Workforce forecast of educational demand to 2018


AVER

AGE

INCO

ME

Median Earnings and Tax Payments of Full-TimeYear-Round Workers (age 25 and over) in 2011

SINGLE YEAR DROPOUT RATE

$25K

Nongraduate

$100K

$75K

$50K

$15K

$10K

Graduate Associates Bachelors

$25,100

5

$4,100

$21,000

ProfessionalDegree

$7,500

$29,100

$8,600

$36,200

$11,400

$45,100

$23,400

$78,000

$35,400$44,800

$56,500

$102,200

Taxes Paid

+$10,300+$9,400

+$45,700

+$11,700

S C H O O L I M P R O V E M E N T N E T W O R K December 2013The Impact of an Effective Teacher

A Look at How Effective Teachers Support the Economy, Job Growth, and Society

Social Impact of Education

HS Dropout

College Graduate

Diff.

Smoking 27% 8% -19%Obesity 28% 16% -12%Divorce 48% 26% -22%Food Assistance

22% 3% -19%

Incarceration 41% 13% -28%

Economic Impact of Education

Lifetime earning

Unempl Est. Tax Revenue

College Grad $2.3M 3% $462KHigh School Grad $1.3M 7% $234KDropout $973K 10% $155K

Government - Business - Economy - SocietyGovernment, business, economy, society—all are built on the foundation of a

healthy job market.

Healthy Job MarketA healthy job market depends on two things: 1) job creators who can create new jobs, and 2) skilled workers to fill those

jobs

Job Creators/ Skilled Workforce

Innovative job creators and skilled workers are developed through effective education

and training

Education/ Training

The most effective education is delivered by

effective teachers

We all understand the value of a stable gover-nment, a strong economy, thriving business, and a healthy society.

But do you realize the critical role that effective teachers playin achieving these? Here’s a quick look at the broad impact that an effective teacher has in our world. Effectiv

e Teacher

s


90%grad rate in

2012

(actual 73%)

65,700new jobs created

$1.3 billion increased federal tax revenues

$10.9 billion

increased annual GDP

$8.1 billion increased

annual earnings

$6.1 billionincreased

annual spending

What if we Improve Educator Effectiveness Across America?THE ECONOMIC BENEFITSIN JUST ONE YEAR (USA).

Source: 2013, Alliance for Excellent Education



UTAH DATA


Utah Unemployment Rate, Income, and State Income Tax Contribution by Level of Educational Attainment

High School Graduate

9%

Associates / Some College

8%

4%

Bachelor’s

Source: http://jobs.utah.gov/wi/pubs/trendlines/summer12/fyi.pdf

$33,304$38,576

$60,030

Nongraduate

14%

$23,542

$2,619 $4,572 $5,626 $11,295

Unemployment Income State Income Tax

+$9,762+$5,272

+$21,454


National Individual Economic Outcomesby Education

Less than a HS diploma

High school diploma

Some college, no degree

Associate's degree

Bachelor's degree

Master's degree

Professional degree

Doctoral degree

12.48.3

7.76.2

4.53.5

2.12.5

471 652

727 785

1,066 1,300

1,735 1,624

UNEMPLOYMENT RATE IN 2012 (%)

MEDIAN WEEKLY EARNINGS IN 2012 ($)

Source: http://www.bls.gov/emp/ep_chart_001.htm

Doctoral degree

Professional degree

Master’s degree

Bachelor’s degree

Associate’s degree

Some college, no degree

High school diploma

Less than a HS

diploma


$100K

Utah Average Public Assistance Cost

$75K

$50K

$25K

0Annual

Individual Cost

$6,557

$20,326

Average Family Cost over 5 Years

$101,629

Source: https://jobs.utah.gov/edo/intergenerational/igp13.pdf

Average Family Cost(3.1 in Household)

533,802

Total Public Assistance Recipients

382,751

Individuals in Poverty274,53

6Food Stamp Recipients

$3.5BPer Year

“Education is the key to unlock the golden door of freedom.” George Washington Carver

2012 Statistics


State Economic Impact of a Single Graduating Class in Utah

If Utah graduated 90% of our high school students in 2011:

ECONOMIC FACTORS UTAH

Additional Graduates 6,360

Additional Lifetime Income $26 million

New Jobs 407Additional Gross Domestic Product $72 million

Additional Annual State & Local Tax $3.8 Million

Additional Gross State Product $28 million

Source: http://new.every1graduates.org/building-a-grad-nation-state-profiles-and-annual-updates/


Utah Return on Learning Year 1: Improving Educator Effectiveness

RETURN ON LEARNING: YEAR 1

BENE

FITS

BURD

ENS

Net Gain: $98,934,7

88

Burdens$57,934,6

68

Benefits$41,203,1

20

Changing the Non-

Graduation Rate

From current 28.1%To projected 14.1%

50% Reduction in Non-Graduates

For State

Individual Income $ 41,203,120

Healthcare Expenses

$ 49,533,088

Welfare Expenses $8,198,580Total $

98,934,788


• 21st century skills:• Ways of thinking. Creativity, critical thinking,

problem-solving, decision-making and learning• Ways of working. Communication and

collaboration• Tools for working. Information and

communications technology (ICT) and information literacy

• Skills for living in the world. Citizenship, life and career, and personal and social responsibility

Effective Teachers Teach 21st Century Skills

Subject-Area

Content

Three Rs Four Cs

Thoughtful Engagement

Learner Attitude and Motivation to Learn

Life and Career SkillsEffective Use of Technology

Elements of 21st Century Instruction


50% Reduction in Dropouts

$ 42.0 M Lifetime Earnings (Harvard, 2013)

+ $ 249.4 M Reduced Burden (Alliance for Excellent Education. 2011)

$ 291.4 M Net Lifetime Teacher Impact

The Impact of a Utah Teacher

20% Reduction in Dropouts

$ 42.0 M Lifetime Earnings (Harvard, 2013)

+ $ 224.8 M Reduced Burden (Alliance for Excellent Education. 2011)

$ 266.8 M Net Lifetime Teacher Impact

Education is the key to economic and social stability duane dj sprague

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