Economics

How does illiteracy affect the US economy?

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Wiki User
2008-06-03 06:59:31

== == Illiteracy means human capital is underdeveloped or the

labor force is not skilled. This will deter investors since

investors would not be too keen on investing in an economy with

unskilled workers or the work received by this part of the labor

force would generate low levels of income which would reduce their

disposable income and in turn will make them financially

vulnerable. Thus from an economic standpoint investors will be

deterred and from a social standpoint, there could be unemployment

or poverty which causes a whole host of other problems.


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