2017年3月27日 星期一

Log #4

People believes that education is the best way to solve income gap, because the poor can learn knowledge through education, which would help them have higher revenue. However, as I mentioned, the system of education nowadays may accelerate the deterioration of the gap between rich and poor. The rich have more resources to get quality education, while the poor may lack of the chance, which actually extend income gap.
The relationship between wealth inequality and education is quite complicated. It’s not simply a yes-no question, but something needs more background knowledge to study. This week, I tried to practice logical thinking by realizing the background information as much as I can through reading materials, and I would like to give a deeper insight of this issue.
We need to understand that narrowing income gap doesn’t mean we should cut down the income of top class; instead, we help the poor equipped with the ability to gain higher wages. Based on the theory, education in fact improve the living situation of the poor and the overall economy. As one of the materials has mentioned, “Increasing education isn't going to do anything to bring down the wages of the real top—or address rising inequality focused on the 1 percent—but it is what's needed to increase the position of those at the bottom. Those are two different problems.”
Education isn’t the only/best way to solve income gap. According to the materials, “For the age group 25-64, Canada’s tertiary education attainment level (51 percent in 2010) substantially exceeds that of the United States (42 percent).” However, Canada’s investment in education hasn’t helped it solve wealth inequality, which actually remind us of not expecting to solve all the problem merely by education.

References:
What Education Can and Can't Do for Economic Inequality

Income Inequality and Higher Education

Is Education the Answer to Income Inequality?

A Simple Equation: More Education = More Income

1 則留言:

  1. When "education isn't the only way to solve the problem of inequality in income," then other factors or possible ways should be mentioned as food for thoughts.

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