The Way I See It. . .

by Karen Schmohe
VP,/Editor-in-Chief
Thomson Business & Educational Publishing

A New Year Begins

Seems as if I have been behind this entire year getting The Balance Sheet posted on a regular schedule. Because we were late with the November issue, I had intended to have the winter issue up by February 1. My apologies for any problems this lack of regularity has caused you. We will be posting the spring issue after the NBEA conference in New York City so that we can bring you a quick update of that important meeting.

Education Attainment and Earnings

As part of the research for a luncheon speech at the Southeastern Business and Marketing Conference in Athens, GA, I looked up the current projections on earnings potential by education attainment. Perhaps this information will be helpful to you in your classroom:

Annual Earnings

High School Dropout

$16,485

High School Graduate

$26,156

Associate Degree

$35,103

Bachelor’s Degree

$49,656

While there are some differences in major cities and some regional differences, the ratios are about the same nationwide. A high school graduate’s earnings will be about 1.8 times that of a dropout, and you can note the greatly increased earnings potential for the bachelor’s degree.

One of the other aspects, though, of educational attainment is still the number of students who drop out between the 9th and 12th grades. The following numbers are staggering:

Out of 100 students entering 9th grade

68 will graduate from HS
40 will start college
27 will become sophomores (31% of those who drop out exit with "0" credits)
18 will graduate from college

When you consider that 60% of all new jobs require some postsecondary education, you can see the dilemma that our nation is facing. While No Child Left Behind did focus attention on education, the political debate between the parties is likely to see some significant changes in the next few years. At the recent AAP meeting I attended, I really liked the theme they used: Every Child a Graduate. Perhaps with more attention on meeting the needs of all high school students (their attention span, their career interests, their learning styles) and less on passing a specific state test, we can graduate more students who will become successful working citizens.

In This Issue

As we all try to find ways to better use Microsoft Office, you will find the article on Microsoft Word Legal Blacklining by Phyllis A. King and Lucila Ovino might provide some good classroom options for you. We had thought of this process when we were building our checking software, but did not go the route of the legal blackline. Let us know what you think of the process.

Our usual columns on Communication, Success Tips, and Ethics are very useful, too. And we’ve brought Scott Hamilton’s Technology column back for this issue. It is interesting to see how affordable some of the small personal computers are getting.

Balance Sheet Articles Needed

We continue to need articles for posting. Please consider sharing some of your best practices or curriculum trends with others.

Well……that’s how I see it for this issue. I welcome your comments and thoughts

Karen Schmohe
VP,/Editor-in-Chief
Thomson Business & Educational Publishing
karen.schmohe@swlearning.com