Education: New Frontier for Big Business
Education in its broadest sense now constitutes a $60 billion business in the United States. More than one of every four Americans is directly engaged full-time in the nation's educational institutions as student, teacher or administrator. Numerous others work in business or industrial enterprises that supply the elaborate equipment and materials required by new teaching methods that are coming increasingly into use.
Fed by a bountiful flow of public money from federal, state and local governments, education is considered by many to be today's leading growth industry. A spokesman for one company with deep roots in the so-called knowledge industry has put the situation in dramatic terms: “The American economy was built around the railroads in the last half of ...