Consequences of a bad education system
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Consequences of a bad education system
The education system is the producer of professionals needed to build up a strong industry and a healthy economy. Lack of professionals will result in difficulties for corporations finding the people they need and as a result, lower production levels, job losses and financial losses in corporations instead of healthy profits. With increasing unemployment there will also be a higher cost for social security and diminishing income from taxes, both corporate and personal tax.
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