This document discusses the economic foundations and benefits of education. It states that countries emphasize education to produce workers for new industries like technology and science. Individuals with bachelor's degrees earn almost 3 times as much as high school dropouts on average. As the proportion of educated workers increases, a country's economy becomes more productive since educated workers can perform literacy-based tasks more efficiently. Countries with more citizens attending and graduating school see faster economic growth. Educated individuals contribute more to the economy through higher earnings and taxes. Overall, education raises living standards, increases tax revenue, benefits communities, and is crucial for economic growth in an era of technological change.