Face It: It's Investment, Not Expenditure

This article spells out what should have been obvious to our politicians a very long time ago:

Most economists who have analyzed Canada's and Ontario's productivity challenge conclude that education is an important part of the solution. A more educated, better-trained labour force simply creates more value. Studies show repeatedly that individuals' earnings increase with the level of education. In fact, the best single predictor of personal income is level of education. The best advice parents can give their children is to stay in school. Every extra year of school or additional degree raises income prospects.

Some of us have been talking about this for years.