Why is education the key to prosperity? What concrete exampls are there to support this as well?Basically, what are some reasons why one could say education is key to prosperity, and are there any...

Why is education the key to prosperity? What concrete exampls are there to support this as well?

Basically, what are some reasons why one could say education is key to prosperity, and are there any concrete examples that one can find to demosntrate this

Asked on by biancaxox

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herappleness's profile pic

M.P. Ossa | College Teacher | (Level 1) Distinguished Educator

Posted on

Education is the key to prosperity, specifically personal prosperity, more so than financial or social prosperity. This can be evidenced by the amount of people who either want to explore new careers, go back to college, take courses of some kind, or overall learn something new. Education, any kind of education, enlightens us about our own selves in terms of what we like, what we want, and what we aspire.

I've been in school 12 years and I have 4 diff. degrees and Im finishing a PhD- That, however is not what has given me prosperity. My prosperity, honestly, was finding out on my 7th or 8th year that I have an ability for computers and a passion for literature. I hever new this until I became more and more educated on different areas. I believe that is the whole point of Education, in the first place- to teach you about yourself while you lead the process.

joe30pl's profile pic

joe30pl | College Teacher | (Level 2) Adjunct Educator

Posted on

There is an old saying: "The road of poverty ends at the schoolhosue door". Education can help improve your mind, give you skills, and just help expose you to bigger and better things. Honing your skills to help better yourself is the best answer I can give.

drmonica's profile pic

drmonica | (Level 2) Associate Educator

Posted on

The more education one has, the more money one tends to make, on the average. America's Promise Alliance, an organization dedicated to attacking the dropout crisis in the United States, cites that each year dropouts represent $320 billion in lost lifetime earning potential. The National Dropout Prevention Center at Clemson Univeristy estimates the difference in lifetime salary for a dropout and a high school graduate is about $300,000.

jessecreations's profile pic

jessecreations | High School Teacher | (Level 1) Associate Educator

Posted on

I agree with the last post that there are various types of education.  Some people have little formal education, but they learn their trade (and therefore are receiving education) well and prosper as a result.  I am a high school teacher, and I have two graduate degrees.  Yet there are certainly people with less formal education than I have, who make more money annually.  So it is important to note that there are various ways of achieving an education, and various paths to prosperity. 

Also, of course, personal decisions factor in.  You may have a lot of education but choose to squander it or the fortunes you earn as a result; and you may have little education but work hard to save your money and end up prosperous in the end.

timbrady's profile pic

timbrady | College Teacher | (Level 1) Educator

Posted on

timbrady is correct in what he posts; I think you should look at this question in a couple of other ways, as well. Instead of just the individual prosperity that comes with increased earning ability, look at the benefit to society in having a population that can make informed decisions on important issues because they have a deeper understanding. Also, the quality of a person's life is generally better when they can appreciate more subjects. I really believe prosperity is also measured in knowledge. Both of the things I listed are much harder to quantify, or find concrete examples for, but I think they are things you need to take into account .

  Amen.  I should have mentioned all these things because they're at least as important as the $$$.  Thanks.

lynn30k's profile pic

lynn30k | High School Teacher | (Level 1) Educator

Posted on

timbrady is correct in what he posts; I think you should look at this question in a couple of other ways, as well. Instead of just the individual prosperity that comes with increased earning ability, look at the benefit to society in having a population that can make informed decisions on important issues because they have a deeper understanding. Also, the quality of a person's life is generally better when they can appreciate more subjects. I really believe prosperity is also measured in knowledge. Both of the things I listed are much harder to quantify, or find concrete examples for, but I think they are things you need to take into account .

timbrady's profile pic

timbrady | College Teacher | (Level 1) Educator

Posted on

In general, the better paying jobs require more education.  Here are some simple statistics from about.com:

  • In 1999, average annual earnings ranged from $18,900 for high school dropouts to $25,900 for high school graduates, $45,400 for college graduates and $99,300 for the holders of professional degrees (medical doctors, dentists, veterinarians and lawyers).
  • Over a work life, earnings for a worker with a bachelor's degree compared with one who had just a high school diploma increase by about $1 million for non-Hispanic Whites and about $700,000 for African Americans; Asians and Pacific Islanders; and Hispanics.
  • Currently, almost 9-in-10 young adults graduate from high school and about 6-in-10 high school seniors go on to college the following year.

Additionally,

The report also shows that while more American women than men have received bachelor's degrees every year since 1982, men with professional degrees may expect to cumulatively earn almost $2 million more than their female counterparts over their work lives.

http://usgovinfo.about.com/library/weekly/aa072602a.htm

If you would like additional information and some helpful diagrams, check out the census bureau's information at http://www.census.gov/apsd/www/statbrief/sb94_17.pdf.

There is a lot more information out there, but this should be enough for your purposes.  If not, google on :)

epollock's profile pic

epollock | (Level 3) Valedictorian

Posted on

In sports that is true, "Anybody gifted with skill and ability is always much better exposed to prosperity..." but for 99.99 percent of the poulation, education affords the abilty to make a living and have a career. Even if you have a gift of enjoying astronomy, almost all people that obtain jobs in the atronomy field have degrees in it.

kc4u's profile pic

kc4u | College Teacher | (Level 3) Valedictorian

Posted on

Education fortifies with skill and ability. Anybody gifted with skill and ability is always much better exposed to prosperity, not only in terms of earning money, but in respect of performances, of knowledge--for his own development as well as  for the betterment of all other people, of the society. One's own sense of satisfaction, self-confidence, material attainment & non-material happinesses are all basically due to education. May be , education is not always bookish or syllabus/degree oriented. Just as 'prosperity' is a very comprehensive term, so is 'education'.

epollock's profile pic

epollock | (Level 3) Valedictorian

Posted on

Education is the key to prosperity because education can give a person the skills and knowledge for a career.  A few people can do it on their own, but an education in so many different fields can prepare people for so many more occupations.

krishna-agrawala's profile pic

krishna-agrawala | College Teacher | (Level 3) Valedictorian

Posted on

When discussing the link between education and prosperity, we must differentiate between formal education represented by certificates an degrees obtained, and real education represented by improvement in knowledge and understanding.

The statistics given in posts number 2 establish the link between the earnings and formal education. But this does not mean that earnings are directly related to the formal education and degrees. If that was so the richest people in the world would be all PhD's, or conversely the PhD's would have constituted the richest class of the world.

The real contributor to prosperity is the improved ability that comes from real education. No doubt, formal education contributes to real education, but it is worthwhile differentiating between the two. Also, we need to realize that there are many factors other than education that determine prosperity of a person.

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