Sunday AdelajaThe higher the proportion of adults with low literacy proficiency is, the slower the overall long-term GDP growth rate is.
About This Quote
When there is an increase in the proportion of adults with low literacy proficiency, GDP growth slows down. This is because the economy has to spend more money on educating these people in order to get them to a level where they are able to contribute to the economy. This is happening across the globe, whether in reading, writing or numeracy skills. Economists have found that literacy skills are much more important than IQ in determining one’s progress in life.
Source: The Mountain Of Ignorance
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