From Deseret News archives:
Education vital to fiscal health
A great deal of the discussion about economic development has been focused on high technology. Many (including myself) support the $60 million initiative providing research funds (Utah Science Technology and Research) for targeted technology areas. The budget also provides for tax cuts and tourism initiatives. While all are worthwhile, in my opinion, our leaders are missing the major issue facing Utah: the weakening connection between education and economic growth.
The key to personal growth and well-being is adequate education and training. The data are impressive. In 2002, the median per-capita income in the United States for citizens with a four-year degree was $49,000 and only $30,000 for those with a high school diploma. Over a life time, the difference in earning power is immense.
There are well-known exceptions to the rule; however, there is little dispute that the single most powerful thing a person can do to increase his earning capacity is to become educated. As an educator, I would add that education also improves one's understanding of the world and enriches one's life in many ways.
Utah is presently headed in the wrong direction. The percentage of young people attending college has declined. In 1994, 41 percent of the state's 18 to 24 year-olds enrolled in post secondary education. By 2004, this number had decreased to 35 percent. Utah has a reputation as an education-oriented state; however, the data from 2004 places Utah in the bottom third of all states.
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