Realtors know that for some homebuyers, good schools can be a one of a home’s strongest selling points.

National Association of Realtors economist Lawrence Yun has an idea for improving schools: divert some of the money earmarked for public education, and let "smart, trusted people" like Oprah Winfrey, T. Boone Pickens and Warren Buffet pick "entrepreneurs to come up with a new educational system."

Yun’s suggestion comes in a blog post about the critical role worker productivity plays in economic growth.

He says the U.S.’s 3 percent annual growth in gross domestic product (GDP) is due to the "simple math of a 1 percent rise in population and a 2 percent rise in worker productivity."

Over time, a small boost in GDP growth — due either to faster population growth or increased worker productivity — could have a huge impact on national income, tax revenue and government debt.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top