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This analysis examines the significant economic implications of reducing dropout rates in Alabama. If the state could decrease dropout rates by just 2% each year over 20 years, the per capita GDP could see substantial growth. The paper also highlights the benefits of implementing Common Core State Standards, which aim to improve educational outcomes and workforce preparedness. It emphasizes the need for alignment with college and career expectations and consistency in educational standards across states. The findings draw on various sources, including national assessments and educational reports.
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Common Core in Alabama An Economic Argument for National Standards
Economic Impact of Dropout Reduction Long-Term Economic Payoffs – Huge Gains in Alabama’s Economy Per Capita GDP If Alabama reduced dropout rates by 2 percent for each of 20 years Source: Southern Education Foundation, 2007.
Student Proficiency on State Exam Source: http://www.alsde.edu/general/AlabamaEducationReportCard_2010-11.pdf
Student Proficiency on National Exam Source: http://www.alsde.edu/general/AlabamaEducationReportCard_2010-11.pdf and http://nces.ed.gov/nationsreportcard/
Common Core Illustrated • http://www.youtube.com/watch?v=5s0rRk9sER0
Benefits of Common Core State Standards • Alignment with expectations for college and career success (ACT) • Clarity for educators, parents and students • Consistency across all states • Inclusion of content and the application of knowledge through high-order skills • Benchmarked to highest state standards and standards of top-performing nations • Reality-based, for effective use in the classroom • Evidence and research-based Source: www.corestandards.org
Evolution of Workforce Requirements Trends in Types of Workforce Tasks, 1960-2000 Source: The Skill Content of Recent Technological Change: An Empirical Exploration, The Quarterly Journal of Economics, November 2003, by Autor, Levy and Murnane.
Education = Economic Growth *PISA = Program for International Student Assessment measures reading, math and science literacy in 15-year-olds Source: Andreas Schleichen Education Policy Advisor of the Organisation for Economic Co-operation & Development, January 2010