Business Update on KPCC: Low graduation rates stall hiring

Students in California tend to drop out a lot more frequently than in other parts of the country - and that means lower skill sets, which almost guarantees that these kids won't find a decent job. All of which puts pressure on business owners to find qualified people. And unless voters approve a ballot initiative to raise taxes, educators could be faced with still more budget cuts. Available at kpcc.org and podcast (Business Update with Mark Lacter). Transcript is after jump