The National Trends in School Spending and Student Achievement

The world has seen an amazing increase in productivity in some areas of life. Computers and cars come to mind as two products that are cheaper and better now than they were years ago, if you adjust for inflation and purchasing power.

But what about public schools? They haven’t seen much of a productivity boom, to say the least. The following graph from the Cato Institute makes the point dramatically.

Spending and performance for U.S. schools

Changes in the cost and performance of public schools

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