The dropout problem – a $593-million hit to Montreal’s economy
Among the findings of an update to the costs of dropping out of school: a loss of productivity equivalent to $593 million.
This analysis was conducted as part of a new study on school perseverance and work/school balance during a period of labour shortages.
The updated data paint a picture of significant economic and social impacts for both the individual who drops out and society as a whole. They include:
- a weaker economy
- increased healthcare costs
- higher costs related to crime
- greater inequality among social classes and genders
For more details on the costs of dropping out: