According to a new study by a
Stanford economist, students who were in school during the pandemic could see a
lifetime earnings loss of $70,000.
Professor Eric Hanushek’s assertion is based on analysis of the sharp declines
in the scores of eighth-graders on national math tests taken between 2019 and
2022.
Hanushek surmises that, if the learning losses
aren’t somehow recovered, the majority of K-12 students will grow into less
educated, lower-skilled and less productive adults-- and will therefore earn
5.6% less over the course of their lives than students educated prior to the
pandemic. Hanushek believes the losses could total up to $28 trillion
over the course of this century.
Scores on the 2022 National Assessment of
Educational “Progress,” a.k.a. the Nation’s Report Card, were down across the
board. Eighth grade math test scores fell an average of eight points
from 2019, prior to the pandemic’s onset, to 2022. That is the largest and most
precipitous drop ever recorded in the 32-year history of the exam…and is
equivalent to missing most of a school year, according to Dr. Hanushek.
Students’ scores in several states were down 12
points, whereas those in Idaho, Alabama, Alaska, and Utah—somewhat “redder”
states—experienced significantly smaller declines.
This government-imposed decimation of young people’s
earnings potential was arbitrary, needless, and sinister. Rather than
“forgiving” student loans, often for the well-to-do, the Biden administration
should consider paying reparations to all those adversely affected by
the government’s actions. Except that it would be doing so with taxpayers’
money. Unlike student loans,
purportedly an effort to help young scholars, these damages were
deliberately and directly caused by government. From deeming many jobs “unessential”
to shuttering countless businesses to essentially forcing kids out of school
and into “Zoom” classes and “remote” education, government’s actions and
mandates damaged and diminished the lives—and earning ability—of millions of
individuals.
If anything calls for
reparations, it is this.
For much of our history,
Americans were skeptical and distrustful of government. This was the reason for
our founding…and why our founding fathers bequeathed us a limited government with
each of the three branches restrained by “checks and balances.” Bizarrely, according
to most surveys, today most Americans are still skeptical and distrustful of
those in government, yet seem to want an ever bigger government to address every
aspect of their lives.
This apparent anomaly is a
sign of a broken educational system and an utterly corrupt corporate media. The
damage they have done to us all is literally incalculable.
We should all be owed
reparations from them.