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Economists have shown that cognitive skills — especially math and science — are robust predictors of individual income, of a country’s economic growth, and of the distribution of income within a country (e.g. Hanushek & Kimko, 2000; Hanushek & Woessmann, 2008).
This is great for students who don't think algebra is necessary. This is a different way math can be taught. It would be the teaching of quantitative skills rather than a bunch of abstract formulas.