How much does the achievement gap cost?

Courtesy of Thomas Friedman in the NY Times, major consulting firm McKinsey has attached a dollar amount to the weaknesses in our national education system:

If America had closed the international achievement gap between 1983 and 1998 and had raised its performance to the level of such nations as Finland and South Korea, United States G.D.P. in 2008 would have been between $1.3 trillion and $2.3 trillion higher. If we had closed the racial achievement gap and black and Latino student performance had caught up with that of white students by 1998, G.D.P. in 2008 would have been between $310 billion and $525 billion higher. If the gap between low-income students and the rest had been narrowed, G.D.P. in 2008 would have been $400 billion to $670 billion higher.

It’s hard to argue that that the education lobby is just another special interest now, isn’t it?

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2 Responses to How much does the achievement gap cost?

  1. […] the Stats? With all the chatter about the recent McKinsey Report:  The Economic Impact of the Achievement Gap in America’s […]

  2. […] of the smarter people out there on the blogs, and he also does some writing on the McKinsey report noted yesterday: There’s much more to improving educational outcomes than spending money at random, but insofar […]

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