Welcome to the Dropout Economy

Paul Raven @ 16-03-2010

American pride?This one’s doing the rounds everywhere at the moment (I spotted it thanks to Chairman Bruce and John Robb), and with good reason: it’s a provocative piece, especially coming from Time Magazine. Welcome to the Favela Chic future, American style:

Middle-class kids are taught from an early age that they should work hard and finish school. Yet 3 out of 10 students dropped out of high school as recently as 2006, and less than a third of young people have finished college. Many economists attribute the sluggish wage growth in the U.S. to educational stagnation, which is one reason politicians of every stripe call for doubling or tripling the number of college graduates.

But what if the millions of so-called dropouts are onto something? As conventional high schools and colleges prepare the next generation for jobs that won’t exist, we’re on the cusp of a dropout revolution, one that will spark an era of experimentation in new ways to learn and new ways to live.

Go read the whole thing, and see Reihan Salam predict the rise of roll-your-own web-based homeschooling, resilient sub-communities based on the exchange of labour rather than money, backyard farming and permaculture, mend-and-make-do and hardware hacker attitudes, and a complete volte-face away from institutional politics.

Exaggerated for controversy and effect? Almost certainly… but grown from more than a single grain of truth, I think, and just as likely to happen over here in the Eurobloc, though maybe not so soon or so hard. [image by emseearr]