Nobel Laureate in Economics, James Heckman, argues that cognitive and life skill building in early childhood pays off well even decades later.
What’s missing in the current debate over economic inequality is enough serious discussion about investing in effective early childhood development from birth to age 5. This is not a big government boondoggle policy that would require a huge redistribution of wealth. Acting on it would, however, require us to rethink long-held notions of how we develop productive people and promote shared prosperity.
Skeptics of the compelling research often resist the supposition that equality ultimately benefits the whole of society. In denial of the data otherwise, the finite and shrinking pie economic models argue that pie sharing hurts the haves.