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Politics : Mainstream Politics and Economics

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To: koan who wrote (26638)9/6/2012 2:17:11 PM
From: TimF  Read Replies (2) of 85487
 
There is a perfect correlation between eduction and income (production) .The more education the more people make. And it goes all the way up. Period.

That isn't a perfect correlation.

Here is a quick overview of correlation for you.
nvcc.edu
or see
en.wikipedia.org

Education and income are positively correlated, but not perfectly correlated. The correlation is not 1. A perfect correlation would imply that there where no rich people with low educational achievement and no poor educated people. Also the correlation wouldn't be "all the way up" only for educational levels, but also for dollar levels. I believe billionaires are on the average less educated than those pulling in a few hundred thousand a year.

If people had nothing except massive education they would make this country rich in no time.

Nothing, no money, no infrastructure, no technology etc. just standardized education for all? Are you serious?

And no Japan didn't do that. They used a lot of money (some of it rebuilding aid from the US, then later much of it from foreign investment, then when they could take over much of the investment themselves, a lot of it was from the rich. They didn't do without the rich, or have economic success just relying on education and nothing else.

Our schools are fine

usatoday.com

Notice Detroit at 21.7% graduation rate, Baltimore at 38.5, and the biggest three cities New York, LA, and Chicago are at 38.9, 44.2, and 52.2

they just need to be cheaper

You want more spending not less. That's the opposite of cheaper.

If your talking about cheaper in terms of tuition, public primary and secondary schools typically have no tuition. And in any case subsidized doesn't mean cheaper, it just means someone else is paying for it.

and we need more of them

Which would again be more expensive. Also why?
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