"For much of the 20th century, the education level of America's work force was second-to-none. But others have caught up, and even moved past us. Now, unless we take bold action, we risk losing our competitive edge. The problem is not that America doesn't spend enough money on education -- we spend enormous amounts, far more than any other nation. But we're not getting a sufficient return on our investment. The fact is, our education system looks a lot like the U.S. auto industry in the 1970s -- stuck in a flabby, inefficient, outdated production model driven by the needs of employees rather than consumers."
Michael Bloomberg, mayor of New York City, writing in today's WSJ.
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