Investment In Education Summary

Higher levels of education correspond to improved health, a longer lifespan, higher salary, reduction in crime, reduction in poverty, and lower unemployment rates.

Education is provided to people who come from all economic backgrounds. However, not everyone is able to use the education system to the best of their abilities. For example, children who live in poor situations might not be able to focus only on their studies such as taking up a job to help support their families. Moreover, it’s a fact that the areas that have a higher income generally often have a better schooling system. This might be arising from donations from local families and from a better economic structure in the area. A higher social class has advantages to access to resources such as tutors, private lessons, private schools and higher quality public schools. On the other hand, children in lower socioeconomic classes might live in impoverished, stressful environments with fewer resources.

The strongest claim the author made was that the economy and education are highly intertwined. It is stated that without a public access to a higher level of education, the income equality will grow larger and our country of democracy and prosperity will be in jeopardy. The

The economy will grow if the necessity of getting a higher education is reinforced. Education is the foundation of a country’s economic growth and the key to rid a nation of poverty. To illustrate, Japan is a country with no resources, but since it has a good educational system; Japan has the second richest economy worldwide. On the other hand, Nigeria is a country that is rich in resources, but low in education; as a result, the majority of people there are poor. A higher education creates a quality workforce,; besides it will promote economic stability by growing and training students for success. Such training will capacitate hard working people, which will do well to The United States economy. The government should invest more of its money on helping those students that cannot afford college. It will capacitate people who will

A college education can increase a workers’ productivity in various ways. Generally a college graduate enters into the labour market with more knowledge and higher skills than a non-college graduate. These higher skills can be improved thinking, writing, communication and problem solving; which increase productivity. The thinking processes increases the application of their knowledge which increases their productivity and efficiency.

Our culture is spoon fed the idea that education equals opportunity, yet the education available to the lower-class thwarts growth. On the other hand, education offered to the upper class is rich with freedom

The focus of Becker and Murphy’s article “The Upside of Income Inequality” is “Growth in the education level of the population has been a significant source of raising wages, productivity, and living standards over the past century.” (585). Becker and Murphy wrote “The Upside of Income Inequality” as a statement “committed to expanding liberty, increasing individual opportunity, and strengthening free enterprise.” (581). They argue that the average income for a person with a higher education keeps getting higher, and the lower class will also see a raise in the income they receive and raise the overall standard of living for communities.

An important factor in the creation of inequality is variation in individuals’ access to education (Becker, et. Al, 2007). According to Bosworth et. Al, (1999) education in a field that requires or demand a high number of workers, creates high wages for those with advance education. As a result, those who are unable to afford good quality education or choose not to participate in schools or colleges, generally receive much lower wages and thus it lowers aggregate savings and investment. In particular, the increase in family income and wealth

An article from Center For America Progress states that "By people with a postsecondary education, our nation's economy will have people having the knowledge, skills, and abilities that are best acquired" (Bergeron ,and Martin). By having all skills the U.S. workforce would have an increase by keeping up with other country's economy. Occupation's that can help our society by going to college are scientist, engineers, and physician. These can help our society by having scientist finding cures, cures for illnesses ,and etc. Engineers plan and design things like highways, buildings and bridges. Physicians help be treating people with illnesses and etc.

Thereby affecting those who are capable and those with the advanced skills from attaining a more suitable education. This could potentially help fill in the jobs that are lacking skilled workers. It can also help America’s economy from further expanding. Nowadays, jobs are knowledge-based or require advanced technical skills. So the better educational opportunities students have, they will be more Eligible to join the workforce. Eventually the work forces will become successful and the economy of America will expand. When the cost for attending a college or university is expensive, a lot of students will prefer to take the easier and more affordable route. This means that they will choose not to pursue a higher education, leaving many ill- equipped and unsuitable to find good

“ Human capital is what makes individuals productive, and productivity is what determines our standard of living.”(Wheelan, 130). By investing in human capital, we are able to have more skilled workers who are productive and positively affect the economy because we make more contribution and therefore will get more in return.

the lowest levels of education have the highest rates of unemployment. So a stronger appliance of the educational system can steer society towards positive growth, centered around a successfully working unit that can produce better workers and create greater welfare. On the other hand, these workers will also create a more productive society that will eventually cause GDP per capita levels to increase, as well as economic expansion and the international status of the country in general. Education can very well create highly skilled workers, but that doesn’t eliminate the fact that the quantity of working positions

i. In most cases, the more educated a country is, the more developed the country is. The concept is easier to understand on a smaller scale. Imagine two people, Person A and Person B. Both Person A and B are extremely intelligent and hardworking; the difference between them is their opportunities. They both have access to primary school, and do very well. Person A goes on to graduate from a secondary education, but Person B cannot because he does not have access to it. Person B gets an unspecialized job, where he cannot utilize his brainpower. His potential is wasted. After graduating from his secondary education, Person A goes for a tertiary education, where he gets a degree in engineering. He uses his degree to help his country develop. Now, imagine a country primarily populated with people like Person A. The country would develop rapidly. A country primarily populated with people like Person B, however would hardly develop.

Education improves living standards, a good look at this would be to travel from Canada to Africa, a huge difference is instantly

Moreover In many countries the connection between family wealth, family background and education opportunities is still very powerful. Because people from high class in society tend to receive advantage to support them self in term of long period educational career and qualification better than low class societies, Due to the power of wealth. (Shavit and Blossfeld, 1993). For some reason when the education people enter the labour market. Because education qualification that a person acquiring seem to be advantage for that person if the qualification of education is high. In addition education qualifications seem to be relating to the social background of each person and their later social class background. Therefore the education qualification might be one the reason that support social inequalities and decrease social mobility.