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Youth

Preparing the Next Generation for a Rapidly Changing World: The Need for Entrepreneurial Education

Strategic Insights

— 1 min read

As the world recovers from the COVID-19 pandemic, it has never been more crucial to equip our next generation with the skills necessary to navigate the complexities of the future. A survey conducted by EdWeek revealed that top skills required by U.S. companies include empathy, resilience, creativity, and problem-solving, highlighting the need for a fundamental shift in our education system. The current 19th-century industrial-age education system is no longer relevant in today's rapidly changing environment, exacerbating the existing disparities faced by underserved students of color.

Key Takeaways:

  • The pandemic has left students on average four to eight months behind in learning, with students of color being behind as much as six to twelve months, according to a study by McKinsey & Co.
  • Providing learning support to develop skills for success in a digital world and fostering entrepreneurial thinking are essential approaches to equip students for the future.
  • AyAnna Moody, Director of Social Impact & Generation Thrive at the Warriors Community Foundation, credits her entrepreneurial education through BUILD.org's program for developing the skills and tenacity necessary for her career and personal success.
  • BUILD.org and Comcast NBCUniversal are partnering to provide free, culturally responsive digital entrepreneurship curriculum to high school students nationwide.
  • The Elementary and Secondary School Emergency Relief Fund is allocating billions of dollars to public education, making it an opportune time to invest in innovative and experiential learning.

Statistics:

  • 4-8 months: The average learning loss experienced by students due to the pandemic, according to McKinsey & Co.
  • 6-12 months: The average learning loss experienced by students of color due to the pandemic, according to McKinsey & Co.
  • $ billions: The amount of funding allocated to public education through the Elementary and Secondary School Emergency Relief Fund.

Sources:

  • EdWeek survey article
  • McKinsey & Co study on COVID-19 and learning loss
  • BUILD.org website and press release
  • Comcast NBCUniversal website and press release
  • Warriors Community Foundation website and press release

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