Some disturbing information came out recently from the American Institute for Research. Apparently, more than half of the students that were nearing graduation at a four-year college were found lacking in basic literacy skills to handle “complex tasks.” Some examples of “complex tasks” were things like analyzing arguments in newspaper editorials or understanding credit card offers.
In a study by the Pew Charitable Trust, 50% of college grads were found lacking in simple life skills. Simple life skills were defined as having the math skills to balance your checkbook, figuring out restaurant tips and understanding news stories.
All of these findings bode badly for the continuing threat of India and China as the world’s superpowers.
It also isn’t good for young upcoming entrepreneurs in general; if you can’t balance a check book, how will you figure out your basic profit & loss every month, let alone figure out if you’re making money on a single product?