The Way Of Wealth By Benjamin Franklin

Throughout high school, students are prepped for college. Almost the entire curriculum revolves around getting into or being prepared for college. Many of these students are independent and intelligent individuals. College may be the perfect place for them. Linda Lee contemplates the fact that even though statistics show that college graduates make the most money, the statistics also point out that these students were “the brightest and hardest-working” students. There are also students that fall between the cracks of these statistics. Some students may be skilled in certain areas, but do not make the test scores to apply for a university. Others may be on the

The Gilded Age had many relevant people arguing about economy at that time. Three of the people that argued about economic issues in society are Sumner, Lloyd, and Carnegie. Sumner had a biased approached towards economy in favor of the powerful wealthy class. While Lloyd had a completely contradictory view from Sumner’s opposing most of Sumner’s ideas. On the other hand, Carnegie had a favorable argument for economic equality by offering help to the poor class in his way. Although these authors have opposing views on the economic inequality, they support their views with valid solutions and proposals.

In the “Gospel of wealth”, Andrew Carnegie argues that it is the duty of the wealthy entrepreneur who has amassed a great fortune during their lifetime, to give back to those less fortunate. Greed and selfishness may force some readers to see these arguments as preposterous; however, greed is a key ingredient in successful competition. It forces competitors to perform at a higher level than their peers in hopes of obtaining more money and individual wealth. A capitalist society that allows this wealth to accumulate in the hands of the few might be beneficial to the human race because it could promote competition between companies; it might ensure health care for everyone no matter their social standing, and parks and recreation could

Andrew Simmons published his article for The Atlantic, “The Danger of Telling Poor Kids that College is the Key to Social Mobility” on January 16, 2014, which raises his concerns that higher education is only being promoted as an opportunity to increase their economic status, when it should be an opportunity to experience an education (Simmons). Through the use of students such as Isabella, Simmons disagrees with the way students now look at higher education and blames the educators through the students’ lives for this view. Instead, Simmons views education as an intellectual opportunity rather than a way to elevate ones economic class which is all people see when they see “higher education.” He believes that education, ambition and work ethic is how you have a satisfying life, not with how much you make. He makes the point that when economics becomes the main goal of education it’s all children begin to think about and they might not pursue something that they are truly passionate about or what they want to learn about, which then does not create an intellectually awakening experience (Simmons).

America is known both conventionally and historically as 'the land of the free'... but is that really the case? In his article titled Freedom and Money, G. A. Cohen addresses this question through the relationship between freedom and money, or more specifically the lack thereof: poverty. As Cohen shows, experts all along the political spectrum agree that the poor are entitled to far less opportunities than their wealthier counterparts. The controversy with the subject thus lies, instead, in the ambiguity of the term "freedom" and what it implies, as well as to what exactly it's beneficiaries are permitted. The political left believes that because the impoverished are financially unable to exercise many of their freedoms, their economic status

There are people who became successful in life that did not go to college and earn the fancy degrees that many can point out. Some may use this to their advantage and say that they become just like them, such as Michael Dell. He is the co-founder and CEO of the Dell incorporation. He started that company in his dorm room but dropped out of college at the age of 19.That was his first year attending college. Also another successful person that is well known is Mark Zuckerberg. Mark Zuckerberg is the founder of Facebook and is the 400th richest American. He developed Facebook one year on summer vacation after borrowing money from Paypal’s co-founder Peter Theil; in 2008, Microsoft paid

Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job

One of the most important decisions in any teenager’s life is what they decide to do after high school, the choice is usually between college and deciding to get a job and start making money. Although the cost of education in America continues to rise, the benefits of a higher education are substantial and can be seen in the success of anyone who has a college degree.

Recent high school students are debating whether to or not attend college, should consider the benefits of attaining a college degree. For many low or middle income students, this a route to gain opportunities to improve their economic circumstances. An article, “Pathways to Prosperity,” states in 2008, workers with bachelor's degree make about 65 percent higher than high school graduates and workers with associate's degree make about 73 percent more than high school dropouts.. This is evidence obtaining a college degree can be an opportunity to have earnings higher and significantly increase one's income.

Many recent college graduates have faced record levels of unemployment. This situation has lead people to question what they value about higher education. Some high school students and their parents are wondering if a college education is worth the cost. Others, however, believe that a college prepares students for more than just a job or career. Many people then present the counter argument that people like Bill Gates, Steve Jobs, and Mark Zuckerberg did not have a college degree, but unlike them most people are not geniuses and do not have the same entrepreneurial opportunities available to them, let alone the innovative ideas and proper timing. A college education is worth the cost because it is a requirement for many jobs, college graduates make substantially more than high school graduates, and college provides more opportunities for personal growth and networking.

According to Adam Smith’s, The Wealth of Nation, the best economic benefits for all can be achieved when an individual concerned with their own interests. Self-interest is when an individual makes decisions that are in their own benefit or best interest over any other parties involved (Book 1 chapter 2 §2). Smith argues that the idea of individual continuously make decisions that benefits their own situation will eventually lead to achieving better quality of life for everyone. Hence, people wouldn’t have to depend on other to make the decisions for them and encourages division of labour within the society (Book 1 chapter 2 §3). Withal the theory of self-interest is alike with selfish in our words, therefore the following essay explores how these two concepts differ. Nevertheless, Smith is also aware that the theory of self-interest may cause dispute between master and workers, thus he suggests a resolution to this kind of dispute. Accordingly, along with an example of worker’s dispute, this essay evaluates whether the resolution that Smith suggested is feasible in the modern society.

In this society of scratching and winning mega Jackpots or investing in your talent and earning more than a brain surgeon will ever earn in a life time, many parents today worry that their children might abandon education in search of alluring horizons that promise wealth without a college diploma. If the young people would stop to think about it, only a very small percentage of the population have such luck coming their way. College is and will always remain important because somethings, some experiences in life not even money can buy but a college can make you experience and reason like a diplomat. Ultimately, what is at stake here is the young people who have abandoned reality for utopia. Student loans and lack

Benjamin Franklin is considered one of the most realistic and wisest men in the history of America. He is known for his stand on the necessity for the individual to work hard and to be frugal in order to reach success. In the presented essay, “The Way to Wealth”, he makes mention of various aphorisms and pieces of advice which express his views and opinions about morals, ethics, life, taxes, debts, etc. Among those pieces of advice that he offers his audience, we find the phrase “employ thy time well if thou meanest to gain leisure; and, since thou art not sure of a minute, throw not away an hour.” Although much of his work is devoted to the importance of industry and of frugality, here Franklin discusses the difference between being lazy and having leisure. He places emphasis on how without working hard and in a conscious way, the individual will never be able to have time for pastimes or leisure. Instead of viewing laziness and fun as the ultimate goal an individual must aim for, Franklin advices about using the time in a profitable way. To him, labor brings more comfort than idleness or laziness, as when the individual is idle or bored, he manages to commit mischief. Moreover, it is his belief that one cannot just be in a useless position the whole time, lest poverty and necessity strike. Therefore, Franklin argues, it is important to find useful things to do with one’s time, but things that bring enjoyment, in order for one to work hard at them. Once the

Many of the entrepreneurs and technological innovators we have today started making strides in technology before even attending college. Some start as early as 16 or in their late teens. Bill Gates and the late Steve Jobs are just the more well-known entrepreneurs, who changed the role that technology plays in our lives without the possession of a college degree or even a full college education. Another successful entrepreneur, who dropped out of school at the young age of sixteen and went on to become a millionaire when he sold two advertising companies by the age of 25 for $340 million, is Gurbaksh Chahal. He was able to achieve this using his own ideas and intelligence. In the book, The Dream: How I Learned the Risks and Rewards of Entrepreneurship and Made Millions, Chahal explains, “ People tend to think that in order to start a new business they have to come up with something new and dazzling, but that’s a myth-and it’s often propagated by venture capitalists” (Chahal 59). This quote supports the claim that who people perceive to be intelligent and successful is not always determined by a college degree. He continues by saying that companies are obsessed with what makes someone’s business unique and unrelated to

     We spend four years of our lives attending high school. Going through high school is supposed to prepare us for college and “the real world.” Throughout these four years we begin to better understand our choices for college majors, but we don’t get presented with the financial and time struggle that we will face. College costs money, along with everyday living. When attending college we become more independent and are faced with the problem of coming up with money and finding a balance between time for work and school. Though it may seem like working through high school is a bad idea, it could better prepare students for “the real world.”