Most
everybody agrees that spending money on education is a good thing.
But
the "good" that education produces remains abstract enough to
citizens and politicians that school spending often takes a back seat
to more concrete projects, whether they're roads or sports stadiums
or tax incentives designed to directly bring new jobs to a community.
Rob
Grunewald, an associate economist at the Federal Reserve Bank of
Minneapolis, used to be one of those people who thought that
education was important in a vague, general sense. "Invest in your
schools. Invest in your colleges and universities, your
workforce-training programs, and there you go," he told an audience
at the Bettendorf Public Library last week. "You can all go home."