Recent advances in the petroleum sector have led major analysts and energy companies to broadly anticipate expansive increases in Permian Basin production over the next few years. Much of this activity will be centered in the Midland area and the resulting growth will bring enormous potential benefits with profound implications for population growth and education. Proactive efforts to deal with issues and prepare for the coming growth can position the area to emerge stronger and more prosperous in the future.
Investing in public education has tremendous economic effects, in addition to promoting civic participation and volunteerism. This infographic summarizes updated results from The Cost and Benefits of an Excellent Education for all America's Children by Levin et al. and incorporates full effects including spinoff and productivity gains as calculated by The Perryman Group.
The Perryman Group found that every additional dollar the State spends for education returns about $49.
The debate surrounding reopening schools this fall seems to intensify daily. Students, parents, teachers, administrators, and government officials are struggling to weigh questions of safety against the realities of remote learning. It's a difficult issue with no easy or universal answers.
Education is essential to success, both for individuals and for the economy. Higher educational attainment is clearly linked to increased earnings and decreased unemployment, and workforce preparedness is essential to attracting and retaining desirable corporate locations. In spite of these well-documented facts, funding for education continues to fall further behind the needs of students.