Earlier quoted context omitted.
The root cause is that the teaching system doesn't turn all children into businessmen. If everyone was a businessman, they'd be earning more than government set minimums.
You can't be a successful businessman without 1) having or making something that people value (which requires skill, capital, or some of both) and 2) taking risks with your time and money instead of earning low but guaranteed income. If you don't have skills, capital, or the cash to survive when your gamble doesn't pay off (just like it usually doesn't pay off in Silicon Valley), you don't get to be a businessman. Te…
http://www.npr.org/blogs/money/2012/06/21/155515613/how-much...
That's $120,000 over k-12 (not including pre-school). Is $120,000 and 12 years not enough to teach every kid entrepreneurship and coding?
As I wrote in another comment, the current education system is 19th century stuff and it's amazing a lot more people aren't astounded why it still exists.