Why Education is Crucial in Today's Economy

All of us are experiencing the impact of the current2. Education supports innovation. The importance of
economic implosion to some extent. Cut backs areschools and studying in today's economy is vital
being made at every level, from families trying tobecause it will take the contributions of a skilled and
manage on tighter budgets and companies downsizingknowledgeable workforce, supplied by this nation's
to governments locally and federally looking for areasuniversities and technical and trade schools, to
to cut the 'pork'. However, there is one area whererevitalize the economy. Innovations in alternate fuels
we simply cannot afford to cut corners in thisand life-saving medical techniques are just a couple of
economy, and that is on education. The importance ofinstances where education plays a huge role in
schools and studying in today's economy is critical, andsupplying the talent needed. Now is not the time to
we must not compromise on our children's' futures insacrifice and compromise on funding schools.
order to cut costs. In this article, we'll discuss the top3. College Cost vs. Benefits. With the costs of a
reasons why education is crucial in today's economy:college education rising just as families are feeling the
1. It is extremely important for maintaining our nation'sfinancial crunch and struggling to stay afloat, it is
Lead Role in Education. There was a time whentempting to think that higher education is a luxury we
America led the world in nearly every category amongjust can't afford. But the truth is, a college or trained
civilized nations. America was at the forefront intechnical or occupational education has never been
healthcare provision, per capita income, and excellencemore crucial. In the competitive marketplace we're
of education. Our capitalist, democratic societyexperiencing, those with the best skills and top
supported the supposition that everyone is createdcredentials will still be able to carve out a living and a
equal and deserves an equal opportunity to succeed inplace in the market. Those who lack education and
life. In terms of education, the results were apparent intraining may find themselves counted in the growing
standardized tests scores achieved by the nation'snumbers who are jobless and without hope.
children, and in high rates of literacy and high schoolIn conclusion, don't let anyone argue against the
graduation. The American system of free and publicimportance of schools and studying in today's
education exemplified all that this nation stood for.economy. From our current president's tales of being
However, statistics show that this nation has beenawakened as a young child at dawn by his mother
slipping in terms of educational success, with increasingeach morning to study for the school day ahead, an
drop out rates and lower standardized test scoresimportant lesson can be learned. Education is still our
compared to other nations. It is tempting to considerbest hope, and in our lifetimes, most of us have never
cuts in education as a means of reducing the federalbeen in a situation where hope was so desperately
deficit. Yet this would be completely counterproductiveneeded.
to repairing what is broken in the marketplace today.