As the ageing population continues to grow, the dependency ratio will continue to rise and there the ratio of workers to dependents in unbalanced. There are less people to support those that are dependent both financially, through taxes perhaps, and socially. To combat this, Governments could increase taxes so that there was more funding to support the elderly, as in pay for their residential and medical care, but this would cause disputes among taxpayers. An alternative to this would be to revoke pension and service rights or by introducing a cost, which would exclude elderly people that belonged to the proletariat. Marxist would suggest that introducing a higher tax or introducing costs for welfare support would be society’s way of extending the oppression of the proletariat, keeping them poor and preventing revolution to form a communist
Moreover, in order to enable their children to be successful in the future, most Asian Americans have to make sacrifices. For example, a lot of Asian American parents would like to send their children to private universities, such as Ivy-League schools, whose tuitions usually cost more than 20,000 dollars a year, despite the fact that they barely make more than 40,000 a year themselves.
Chase Minnear Critical Thinking 29 November 2011 Critical Thinking: Rebuttal to Time to Think In Mark Franek’s article Time to Think he disputes the use of extended time on the SAT. Mark Franek supports his argument with evidence that leads to suggest the abuse of extended time on the SAT under a false guise of learning disabilities. He goes into further detail stating that the number of students that have taken the SAT with special accommodations has doubles in the last decade. The main premises Mark Franek uses to foster his arguments are: Fellow students are taking advantage of the special accommodations granted for learning disabilities, these accommodations are not handed out equally to learning disabled students across
Although it seems that we are making great strides in education with increased admissions for college students in diverse social, income and ethnic groups, that because these students are not getting degrees the gap between rich and poor continues to increase, and these achievements in education are not as valid as they seem. The article says that universities which have higher enrollment rates of students from low-income families also have lower graduation rates. However, at institutions with the highest graduation rates such as the University of Colorado and Stanford, a large majority of the students come from high-income homes, a statistic that has continued to rise the past 20 years. At elite universities, the student-body populations are becoming more and more diverse as far as cultural and religious background, but these students all share an upper-middle class upbringing. According to the Department of Education “only 41 percent of low-income students entering a four-year college managed to
Odland also mentions the rising costs can be traced back to the administrative side. With the high demand of students and influx in numbers, administrative costs rose as well. While financial aid is available and rather easy to obtain, many stipulations come along with that as well. Many middle class students fall between the college prices gaps due to the way the financial aid system is set up. It appears that the less college credit hours taken, the more aid a student receives, which in turns causes a student to graduate later than anticipated.
While many people in the United States look for higher education after high school, financial barriers are in the way for a lot of these students due to rising college tuition costs. Although these high prices are seen as a negative by most, arguments have been made that they may actually be a good thing. Some say the higher price tag forces (potential) students to not take their education for granted. The opposing side responds with statements saying a lot of people aren’t given a chance and these prices are to far out of their reach. The bottom line is that the high and rising cost of college isn’t a good thing and reduces the amount of qualified workers.
Student Loan Debt Recently, the issue of student loans and the debt often accumulated through the utilization of those loans has come to the forefront. Student loans have become an indispensible means by which families are able to pay for higher education. The cost to attend institutions of higher education has soared over the last decade. In fact, the cost to attend college can amount to more than $50,000 per year at some private colleges and universities. Now that Americans owe more on student loans than on credit cards, the issue of spiraling student debt has moved increasingly higher on the political agenda.
Income inequality is an ongoing discussion and battle amongst the United States. However, it is not the problem with our economy. Money has been extensively put towards education to raise test scores, but it has not. Edward Conard says the baby boom, more women in the work force, and immigration have created an enormous increase in supply and labor and are the reason employment grew instead of wages. Increasing employment helps get the poorest people to the next ring.
This is due to the value of human capital far outweighing the value of infrastructure resources. This means that having increased levels of educated and qualified population will lead to higher levels of growth within an economy. Education has definitely been acknowledged as an important aspect of development with many countries increasing their levels of spending exponentially. Currently 75 million people are not able to access primary education, with more than half of them being made up of women. 98% of people who do not have access to education live in developing or third world nations, this is a serious issue when looking at why poverty and low standards of living are so dominant.
IMPACT OF HIGHER EDUCATION ON THE ECONOMY ECON645-0340602 JULY 13, 2014 INTRODUCTION Does higher education matter to our economy? Is taking on the enormous debt to pay for a degree worth the gamble? Recent studies provided by Pew Research suggest that not only is a college degree the best investment towards future earnings, it promotes economic well-being and career attainment (Pew Research, 2014). Quantified benefits of a higher education include Private economic benefits: higher salaries and benefits, lower unemployment, higher savings, better working conditions, and personal/professional flexibility. Public economic benefits: decreased reliance on public assistance, increased tax revenue, greater productivity, increased consumption, and increased competitive advantage (through human capital).