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Higher Education In Income Inequality

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“In recent months some of the leading economic minds in the country have declared that when it comes to explaining rising inequality, education doesn’t matter” (Greenstein and Merisotis). According to this quote, one of the main reasons people believed was a key issue in economic inequality turns out is wrong. However, there are still many arguments being made by multiple people who still believe that education does provide somewhat of a role in wealth inequality. There are those who argue that with education you can acquire a higher degree, which will allow one to earn a higher income, education stabilizes the ideals of everyone having a fair chance and are responsible for their own actions, and that education is one of the best …show more content…

Throughout her article she states that individuals who acquire higher degrees are able to have access to jobs that offer them a high income. She also states how most individuals who benefit from higher education though come from families who have high incomes as they are able to afford the high prices of many universities today. Within her article she argues that colleges are in a sense ‘car dealerships’ which attempt to focus and pull in as many individuals from higher income families instead of people from lower income families. An issue that Hill raises about higher education is public appropriations that are steered away from public universities which, in effect, hike up tuition costs and makes it harder for individuals to afford getting an education. She also brings up points on other ways we can combat wealth inequality such as increasing the minimum wage, adding progressive taxes, and spending more towards public education …show more content…

One of the things that they state is that the best advice for children who live in poor households is to try to acquire as much education as they can because it is their best chance to live better lives. Also mentioned in their article is that a great way to boost your skills and become more specialized is by getting an education. Furthermore, they state that there should be equal opportunity in acquiring an education as it is one’s own responsibility to continue down a path which will lead them to the life that they desire (Greenstein and

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Throughout his article, he speaks about education. “The Upside of Income Inequality” makes two basic points to support the conclusion noted in the title of the article. First, the correlations between educationa and income; that the value of a college education has risen as income inequality has risen. And second, that therefore the rate of Americans who attend college has increased. The article provides multiple graphs that correlate different principles with education and income.

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According to Henry Bienen, president emeritus of Northwestern University speaking as a panel member in an Intelligence Squared debate “Too Many Kids Go To College, “. . . more years of school, post-secondary, are positively correlated with earnings over one’s lifetime, and also correlated with lower rates of unemployment and shorter duration being unemployed when a higher degree is obtained. ” (8) The American middle class is rapidly shrinking. More and more people are dependent on their own earnings in order to just be able to meet their expenses and survive. They have no family that is able to support them if they don’t make it on their own.

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Recently, many have begun to attack and degrade higher education in the United States. In the book How College Works, authors Daniel Chambliss and Christopher Takacs claim, “As state support has eroded, and as more students attend college in an increasingly desperate attempt to find viable jobs, the price to students of attending an institution of higher education has gone up, especially at more selective institutions” (172). So is college even worth it? Caroline Bird’s excerpt from her book Case Against College “Where College Fails Us” is an adequately written article that agrees with those who question whether college is a good investment. Bird argues that although some students would benefit from college and succeed, many fall short, wasting

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Students often leave high school with the mentality that they must enter a college. However, in the book, Is College Worth It?, by William J. Bennett and David Wilezol debates the positive and negative aspects of attending college. It is not known which was the first university to appear in the United States, but the most notorious college to be established in the 1600s was Harvard University. Since the 1600s, colleges have only been increasing in an abundant of states in the United States. Unfortunately, Bennett and Wilezol, first two chapters introduce the negative aspects of college; and, chapters three and four are universal arguments that go against each other.

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In “The upside of income inequality” – Becker and Murphy, they mention the demand for education and skilled people is growing. The proportion of people going to a higher education is found among all racial and ethnic group (pg.585). As of figure 4 graph, the proportion of men and women ages 20 to 25 who are attending college has risen about half in a 40 year of tracking. They stress the important of education for all types of people that with higher level of education there is more opportunity. Therefore, in article “American remains the world’s beacon of Success” – Tim Roemer.

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“Poverty must not be a bar to learning and learning must be an escape from poverty” this was said by Lyndon B Johnson in 1964 and the problem he was addressing back then, has grown and become far larger and more destructive. The average Canadian student acquires 27,000$ of debt trying to earn what in our society today is necessary, to live a safe, happy and fulfilling life. Without higher education you are not likely to be able to do what you want with your life. Within the last two decades university prices have doubled and along with it so have interest rates. This enforces and maintains the trend of the rich staying rich and the poor staying poor; because of the high price less wealthy people are unlikely to be able to afford university and get a good job.

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Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.

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Studying at university is an expensive investment. Tuition fees have a disincentive effect on the students who from the lower and middle-income families. As Bruenig states the statistice of the college students from the poor and rich families “ At age nineteen, only around 20 percent of children from the poorest 2 percent of families in the country attend college. For the richest 2 percent of families, the same number is around 90 percent. ” Also, most of those students want to achieve better lives so they attend the higher education.

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From the time we start our careers as students in school, we are told that in order to gains success in life we must attend college. That after high school, college is no doubt the next step we should be taking. Yet, for most students that are not wealthy this goal is almost unattainable. If the majority of students can’t afford tuition, then why is the tuition rate so high? Its certainly not an accident.

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There is many people that go to college, but because of the cost they don't get through college. The elevated costs of college cause not only students to struggle paying for college, but also to struggle financially paying for college when they are done. In many cases, after graduating, young adults who don’t find a job will become poorer, increasing the gap between the rich and the

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Now you might be correct about going to college not being a right but like I said before so many future jobs will require degrees that only college can get you. In an article done by the Bureau of Department of Labor, it states that “According to data from the U.S. Bureau of Labor Statistics (BLS), earnings increase and unemployment decreases as educational attainment rises. Grouping workers by education level, the chart shows that those with more education have higher earnings and lower rates of unemployment than those with less education,” (Education Matters 1). This quote basically says that the more education you get the more money you get.

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Education is vital to one’s life and well-being, however since education isn’t free so many kids around the world can’t take advantage of it simply because of their economic status. When people become educated, it allows them to develop different perspectives and would not only see an improvement in their life, but in society as a whole. There’s no doubt that education is the most important thing to enhance the lives of individuals. Without it, kids aren’t able to reach their full potential, causing citizens to experience major issues in life such as a low standard of living, ignorance, and among other things. Education should be free for everyone, regardless of their economic background, because every individual is important and should have the equal opportunity to better themselves.

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