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- McKinsey on Society, April 2009
- The report finds that the underutilization of human potential as reflected in the achievement gap is extremely costly. Existing gaps impose the economic equivalent of a permanent national recession—one substantially larger than the deep recession the country is currently experiencing. For individuals, avoidable shortfalls in academic achievement impose heavy and often tragic consequences via lower earnings, poor health, and higher rates of incarceration.
- If U.S. student achievement had been comparable to that of Finland or South Korea in recent years, the size of the economy in 2008 would have been $1.3 trillion to $2.3 trillion greater.
- There will be a shortage of talent necessary for organizations to take advantage of big data. By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.
- The U.S. workforce lacks enough STEM workers. Three-quarters of the fastest growing occupations require significant mathematics or science preparation. By 2018, there could be 2.4 million unfilled STEM jobs. While jobs overall are expected to grow just shy of 10 percent by 2018, STEM jobs are predicted to grow by 17 percent.
- Mathematical occupations as a group are ranked very high in our labor shortages risk index – higher than 99 percent of all occupations.
- Financial Times 12.3.2014
- ”Poor numeracy costs the UK economy more than £20bn a year in lower wages and lost tax revenues”
- ”Almost half the UK population have maths skills below the level expected of primary schoolchildren. For a developed country that’s pretty shocking,”
- National Numeracy