This section is a work in progress. It will be important to separate estimated cumulative effects from annual effects.
| Datapoint | Source | Value | Type | Year |
| Annual lost output | McKinsey & Company | $1.3 Trillion | Estimate | 2008 |
|---|---|---|---|---|
| --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- |
A 2009 McKinsey Report argues that gaps in educational acheivement "impose on the united states the economic equivalent of a permanent national recession." Their report and its detailed findings suggest that 2008 GDP could be between $1.3 Trillion and $2.3 Trillion higher as a result of closing these gaps.
A 2014 Center for American Progress report argues that GDP Growth would be $551 Billion higher every year from 2014 to 2050 as a result of closing the acheivement gap.
Range of projections for the benefits of successfully implemented reform.
The Economic Impact of Acheivement Gaps in Pennsylvania's Public Schools
If student performance gaps based on race-ethnicity or family economic status were closed for future cohorts, each annual cohort in Pennsylvania would gain $3 billion to $5 billion in present-value lifetime compensation and nonmarket benefits. These social gains from closing race-ethnic gaps equate to approximately $83,000 to $125,000 in present-value dollars per African-American and Latino students