Why Mathematics is Important in Business and Hospitality Education
📊 Hanushek et al. (2015) found that a one-standard-deviation increase in numeracy proficiency leads to an 18% increase in hourly wages (12% after controls). Problem-solving skills increase wages by 10-12% (6% after controls). The World Economic Forum's Future of Jobs Report 2025 cites analytical thinking as essential for 70% of firms. Brynjolfsson et al. (2011) report a 5-6% productivity boost from data-driven decision-making. Zacharopoulos et al. (2021) note that continued math study affects brain chemistry.
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