Being Stupid Is Expensive August 16, 2007Posted by fitsnews in SC Politics.
NATION’S HIGHEST DROPOUT RATE COSTS SOUTH CAROLINA $100 MILLION ANNUALLY
FITSNews – August 16, 2007 – According to a report released today by the S.C. Policy Council, having the nation’s worst public schools costs our state about $100 million annually. We know it’s pretty shocking that South Carolina’s last-in-the-nation graduation rate isn’t good for business, but in reality it’s no more shocking that us using sarcasm to make a point.
And here’s the point we’re making … taxpayers have poured an extra $1 billion into our state’s ridiculously sh*tty school system over the last four years only to watch it remain dead last in the country in graduation rates and SAT scores. Now, on top of that already colossally-expensive, unmitigated failure, we find out these nimrod education establishment types have cost our state another half-billion dollars over the same time period.
Among the key findings of the report:
•Each dropout costs SC an additional $3,193 each year – SC spends more on dropouts in their lifetimes after they leave school than while they were in school
•Dropouts earn $8,000 less per year, totaling $2.8 billion less in lost wages per year
•Dropouts are twice as likely to be incarcerated, and each class of dropouts increases annual incarceration costs by $3 million
•Dropouts reduce South Carolina tax revenue by $277 million per year
•Dropouts disproportionately rely on Medicaid, and create higher health care costs for all South Carolinians
•School choice program could improve graduation rates, save state millions of dollars
Of course, the best part of this report is that South Carolina’s mainstream media will likely ignore its findings – or at least make it out to be part of some vast, right-wing conspiracy. In fact, La Socialista‘s supposedly impartial education reporter Bill Robinson was in attendance at the press conference unveiling the report today, attacking its findings and parroting the State Department of Education’s decades-old talking points.