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
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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