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{"id":821,"date":"2011-03-07T11:07:22","date_gmt":"2011-03-07T11:07:22","guid":{"rendered":"http:\/\/floridaliteracy.wordpress.com\/?p=821"},"modified":"2019-08-29T17:36:23","modified_gmt":"2019-08-29T17:36:23","slug":"the-economic-benefits-from-halving-the-dropout-rate","status":"publish","type":"post","link":"https:\/\/floridaliteracy.org\/blog\/2011\/03\/07\/the-economic-benefits-from-halving-the-dropout-rate\/","title":{"rendered":"The Economic Benefits from Halving the Dropout Rate"},"content":{"rendered":"

A 2010 report,\u00a0The Economic Benefits from Halving the Dropout Rate: A Boom to Businesses in the Nation’s Largest Metropolitan Areas<\/a>, from the Alliance for Excellent Education <\/a>covered the economic benefits of increasing the number of people with high school diplomas. Two Florida cities were highlighted: Jacksonville and Miami.<\/p>\n

In Jacksonville, an estimated 7,700 students dropped out from the Class of 2008. If 3,900 of these students were to go on and achieve a high school diploma, it is estimated that they can earn an extra $48 million more in an average year. That extra income would provide an additional $36 million to the local economy and these 3,900 people would have an additional $13 million in savings and investments. As a result of higher wages and spending, the local community would see an additional $3 million in tax revenues. The additional spending would have also resulted in the creation of an additional 400 jobs by the time they reached the midpoint of their careers.<\/p>\n

In Miami, an estimated\u00a033,600 students dropped out from the Class of 2008. If\u00a016,800 of these students were to go on and achieve a high school diploma, it is estimated that they can earn an extra $212 million more in an average year. That extra income would provide an additional $157 million to the local economy and these 3,900 people would have an additional $55 million in savings and investments. As a result of higher wages and spending, the local community would see an additional $16 million in tax revenues. The additional spending would have also resulted in the creation of an additional\u00a01,950 jobs by the time they reached the midpoint of their careers.<\/p>\n

When adult learners succeed, we all succeed. Thank you again to our volunteers and learners who are working so hard!<\/p>\n","protected":false},"excerpt":{"rendered":"

A 2010 report,\u00a0The Economic Benefits from Halving the Dropout Rate: A Boom to Businesses in the Nation’s Largest Metropolitan Areas, from the Alliance for Excellent Education covered the economic benefits of increasing the number of people with high school diplomas. 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