| What does economics have to do with phonics? A Lot! This graph shows the relationship between literacy and earnings. And, the only scientifically proven reading method is phonics. So, phonics can improve your individual earnings potential. Now, economics says that once more people learn to read well (more supply), there won’t be as much of a premium paid for reading well. However, there should still be some benefit, and if many people learn to read well, there should be a huge boost to our economy. If you want to know more about this, read some columns by Liz's 2nd and 3rd favorite economists, in alphabetical order, Thomas Sowell and Walter E. Williams. (Jeff's father has an economics degree, so he’s our favorite economist. So who’s #2 and who’s #3? Well, it’s a close call. Thomas Sowell’s books are some of my favorites, but Walter E. Williams just posted a new picture on his web site and he’s looking mighty handsome, if he doesn’t say so himself.) | |
