Society
Ray Dalio warns Connecticut school failures fuel crime and higher incarceration costs
Diary of a CEO
Ray Dalio: I Predicted The 2008 CRASH, I Know What Comes Next
"My wife and I live in Connecticut. It's the on a per capita income basis, I think it's the second richest state, but 22% of the high school students have either dropped out of high school or are failing with absentee rates of greater than 25%. And as a result, a lot of it is gangs, shootings, drugs, and so on that leads to a lot of incarcerations. and the bill for incarcerations has become uh larger than the education budget."
Ray Dalio argues that societies need a minimum ‘floor’ for education and basic conditions, citing his experience in Connecticut. He claims 22% of high-school students have dropped out or are failing with high absenteeism, and links this to gangs, violence, drugs and rising incarceration spending.
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Diary of a CEO