Low US Literacy Rate Costs Billions
Although literacy rates in the US and other developed countries well exceed those of developing countries, the US performs in the middle of the pack when compared with its main economic partners, according to international studies.
"We benefit tremendously from immigration, and we need to pay attention to the literacy and language skills that immigrants have," said Thomas Bailey, a Professor of Economics and Education at Columbia University's Teachers College. "We need to make sure that this growing segment has the skills for a modern economy."
This article, written by Bloomberg, appeared in the December 17th, 2005 publication of The Financial Express.