Chrysler Corp. chairman Lee Iacocca is telling business it must help schools teach youths or end up paying the cost of remedial education for workers.
"You and I are spending more money teaching remedial mathematics to our employees than all the grade schools, high schools and colleges in the country are spending on mathematics instruction," Iacocca said in a speech Wednesday to the National Association of Manufacturers. "I am getting more scared every day."Shirley Frye, president of the National Council of Teachers of Mathematics and director of curriculum development for the Scottsdale, Ariz., public schools, said she did not know how much was spent on teaching mathematics or where Iacocca got his estimate, but she had no reason to doubt it.
"That is an alarming statistic," she said.
Iacocca gave no source for his mathematics estimate, but said Chrysler spends $117 million a year on training, "10 percent of it on the three R's," elementary reading, writing and arithmetic.