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A new way to keep Texas “business-friendly”

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By Margaret Spellings, PRESIDENT AND CEO OF TEXAS 2036

“Understandably, business leaders are worried about the short-term impact of the pandemic on key industries (notably in the travel, restaurant, entertainment, oil and gas and retail sectors) — but, more importantly, about the large number of Texans whose jobs aren’t coming back due to business changes and automation that was accelerated during this disruption.”

“These comments from business leaders match the research, which shows only 27% of native Texans hold a bachelor’s degree or higher, compared to 41% of domestic migrants and 42% of international migrants.”

“Today, only one-in-three Texas high school graduates earns any credential; two-thirds do not. Unfortunately, these Texans have been most affected by the economic downturn this year, especially Texans of color.”

“This critical legislation was the right step, as assessments before the pandemic indicated that only 3 of 10 Texas 4th graders were reading at grade level. But even the most successful school reforms take time to implement, and the students who stand to benefit most — the youngest students — won’t enter the workforce for years.”