The New Learning Economy: It’s Time To Build in Education — from a16z.com by Anne Lee Skates and Connie Chan
Excerpt:
As we enter the third school year of the Covid era, a disturbing new normal is settling over the country. Students continue to be chronically absent; nearly 50,000 Los Angeles public school students failed to show up on the first day of school. Nine-year-olds’ math and reading levels have dropped to 20-year lows, and the dip in reading scores is the steepest decline in more than 30 years. Teacher vacancies are reaching crisis levels. Schools are even resorting to bringing back retirees and loosening basic teaching requirements to fill gaps.
Why is this so important? Education is a $1.8 trillion-dollar industry in the U.S. More importantly, our education system shapes who our future leaders and builders will be—more than 1 in 5 people in the U.S. are current K–12 and college students.