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September 14, 2006

US Excels at Wasting Education Funding

Via Bloomberg News--In the US we spend the most on education and get the worst results...


The U.S. spent about $12,000 per student, second only to Switzerland among the 30 OECD countries based on 2003 figures, the OECD said today in its annual report on education. The U.S. outperformed only five of the 30 countries on an OECD test given to 15-year-olds, ranked 12th in high school completion rates and averaged 23 students per class, higher than the average of 21.

Posted by Lisa Snell at September 14, 2006 11:01 AM




Comments

I've read that non-Hispanic white and Asian U.S. students perform on a par with those in Europe. I don't think the variation in performance across ethnic groups is due to genetics, but rather to culture. It doesn't surprise me that the wealthiest nation spends the most per capita on education - or on firefighting or healthcare or just about any other labor-intensive service. We've got the money, so labor costs that cannot be outsourced are going to be bid up.

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