By Alex Gonzalez
When it comes to college enrollments, Hispanics are doing their share by enrolling in colleges. Now Republican needs to do their share and push for a conservative pitch on education reforms, if they really want to woo future high-income earners to the Party. The new Report by the Pew Hispanic shows that for the first time, the number of 18- to 24-year-old Hispanics enrolled in college exceeded a record 16.5% share of all college enrollments. As a result, Hispanics are the largest minority group on the nation’s college campuses, a milestone first achieved last year. This is also good news for Republicans because studies showed that higher education lead the higher-income, and higher-earners lead fiscal conservative voters who want to protect their assets and, and high-come earners also become more engage on politics. So the next generation of Hispanics will be an educated class that won’t easily be tricked by democrat’s social programs that often hinder the advancement of blue-collar Hispanics and develops dependency.
Nationally, College education creates high-income earners, and college-educated Americans are less likely to receive social programs. Essentially, a college degree liberates individuals from government dependency, and higher-income Americans tend to be more acutely aware of the role of government, especially when government becomes too intrusive on businesses and private property rights. Additionally, college educated Americans are more productive since they pay more into state and national Treasuries. In fact, according to the Texas comptroller, every dollar invested in Texas’ higher education system returns $5 or more to the Texas economy. Hence, it is essential that the education system keep up with the state’s changing demographics, and it is essential that the education system keep up with the state’s changing demographics. The Texas Controller of Public Accounts argues that:
Higher education has a significant impact on the Texas economy, fueling the Texas economic engine with nearly $25 billion a year. Considering that the system receives approximately $4.6 billion annually in state general revenue and local property taxes, every dollar invested in the state’s higher education system returns more than $5 for the Texas economy. For here, we are investing in our most important venture—the future of young Texans… The second, which is fundamentally more important, is the longer-term role higher education plays in expanding the capacity of the state’s economy through a more educated, productive workforce.
In Texas, the Republican legislature has crafted policies to make sure that Latinos in the state have a shot at higher education. For example, thanks to the Top Ten Percent Plan, $10,000-degree programs and in-state-tuition for undocumented students, Latinos are 25% of the University of Texas system. So if you are in a state like Texas where Latinos are already 25% of the college population, in Texas enrollment among Latinos is even higher than that reported by the Pew Hispanic. And this good because college-educated Latino Texans can be a major strength for the Texas economy by supplying employers with a steady stream of qualified workers, according to the Texas Controller of Public accounts.
Moreover, according US Census, People who attend some college (but do not earn a degree) might expect work-life earnings of about $1.5 million. This is slightly more for people with associate degrees, with earnings at $1.6 million over the duration of their life. Over a work-life, individuals who have a bachelor’s degree will earn on average $2.1 million — about one third more than workers who did not finish college, and nearly twice as much as workers with only a high school diploma. A master’s degree holder tops a bachelor’s degree holder at $2.5 million. Therefore, the net income difference between a tax payer who has only and high school degree ($1 million) and tax payer with Bachelor’s degree ($2. million) is about $1.2 million.
In Texas alone, the state will have deficit of an educated resident. According to the Texas State Comptroller Susan Combs, In Texas, where Latinos are already 25% of the college population, states are facing declines in their share of the working-age population. Texas, with its younger average population, can have a significant economic advantage. For the state’s economy to continue its strong growth, however, it will be critical that we work to improve educational attainment.
However, once Latinos enrolled in colleges, especially community colleges, 50% of them drop out because they have poor preparation in high schools. In Texas, only about a quarter of Texas high school graduates are prepared for college. Of the 39 percent of graduating seniors who took the ACT, 24 percent of the Class of 2012 met all four benchmarks in English, reading, mathematics and science. That percentage has been stagnant since 2010, and is just below the national average of 25 percent.
So Texas is doing its share to encourage Latinos into top tier Higher education, but the federal government is not. For example, as David Brooks points out. Its perplexing how the Federal government for the first time history “during the mid-20th century, you see that they spent money on the future — on programs like NASA, infrastructure projects, child welfare, research and technology. Today, we spend most of our money on the present — on tax loopholes and health care for people over 65”—only 3% of the federal budget if allocated for education. It is true that in high-Hispanic states Like Texas, California, and New Mexico Republicans have innate aversion to education policies because most of the base comes from older voters, and Tea Partiers who only what to slash school funding to control the “big government,” but stop short in demanding cuts to Medicare and Social Security, which consumes 50% of the budget.
But, it was Rick Perry who recently argued that as Hispanics become more middle-income, they too will become fiscal conservative voters. And education is mostly the way out of blue-collar income. Latinos are now enrolling in college at record numbers, and this is great news for Republicans because they now can more easily make a low taxes and “limited government” argument for college-graduated Latinos who soon will be earning 50k and more. The fiscal economic mantra that Republicans often advocate will be easier to sell to college-educated Latinos earning the high income.
Even former U.S. Secretary of State Condoleezza Rice argues that the US need to refocus more on education because it is a matter of National Security.
This belief is what makes our country unique. It is also what makes education critically important, more so today than ever. While our political leanings may be different, our careers have taught us that education is inextricably linked to the strength of this country and our leadership in the international community. Human capital has never been more important for success in our increasingly competitive world economy. America must compete successfully globally, but reform must have a distinctly American character, tapping our creativity and capacity for innovation, and the power of competition.
The future now appears to be bright for Latinos and Republicans. High College enrolment among Hispanics is good for America education the next generation of Conservative Hispanics behooves National Security and the economic health of this nation. But if Republicans really wish to top into this new generation of college-educated young Latinos, then, they need an Eisenhower Republican and Condoleezza Rice type who believes in investing in the youth and in the future, as opposed to Libertarian-Goldwater-Tea Party mantra.