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What would you do if you were not allowed to get an education? You had to work a minimum wage job at a factory and you weren't happy with the job. The only obligation we might have towards education is to treat it as a privilege as well as a right, but certainly not an obligation to have an education.
Knowledge accumulation and application have become major factors in economic development and are increasingly at the core of a country’s competitive advantage in the global economy.
The combination of increased computing power, diminishing prices of hardware and software, improvement of wireless and satellite technologies, and reduced telecommunication costs has all but removed the space and time barriers to information access and exchange.
The skill and knowledge requirements of most occupations are increasing, and people with only a high school diploma or less are not able to fill many of the jobs that the knowledge economy is in demand of.
According to the authors of “Academically Adrift: Limited Learning on College Campuses” the author argues that college isn’t a good investment, because according to their studies 45 percent of students enrolled at a higher education institution make no improvements after two years in college in their writing ability, reasoning and critical thinking skills. One, the higher you go, the lower are the fees to be paid by the students.
However, higher education costs have been rising dramatically throughout the years leaving people in the United States to wonder if higher education is really worth the cost or not.
According to the IES National Center for Education Statistics the average cost of tuition in current dollars at all universities in the 1990-91 school year was ,562, it nearly tripled to an average cost of ,143 by the 2008-09 school year.Occupations that require higher levels of skills, like healthcare, are growing.Low skill jobs aren’t really disappearing, but they are shrinking, leaving more workers competing for these positions.Indeed, the countries that benefited most from integration with the world economy achieved the most marked increases in educational levels.In addition, there is growing evidence that university education, through its role in empowering domestic constituencies, building institutions, and nurturing favorable regulatory frameworks and governance structures, is vital to a country’s efforts to increase social capital and to promote social cohesion, which is proving to be an important determinant of economic growth and development.Jobs that only require a high school degree are rapidly disappearing, however the good news is that more college degree jobs are emerging and will continue to grow steadily throughout the years to come.The Georgetown study predicted that by 2018, 22 million new jobs would be created that require college degrees, but at least 3 million fewer people would earn college diplomas or bachelor degrees.The world has advanced considerably through out the decades and the need for higher education has been on the rise.Education is treasured in all parts of the world especially in the United States.It has presumably become this way because in the current economy more and more jobs require a college degree.This is due to the increase of fields that need higher education as well as attending a university becoming more accessible to the masses thanks to financial aid.