Portugal has a 23% high school graduation rate. Stunning. What does it mean?
1. The Euro zone has members that are at such different levels of economic and social development, with Portugal at the bottom, that the Euro may well not survive.
2. Nations cannot have even an average standard of living when 77% of their population does not have a high school education, unless you have rich German, French, and other uncles supporting you. The uncles look like their patience is running out.
3. Education is the single biggest key to productivity, economic growth, high standard of living. Pennsylvania must remember this basic fact of modern economic life when considering Governor Corbett's proposed 52% cut to public universities and other education cuts that will force closing of kindergartens.