An educated workforce attracts employers and foreign investment. Socially, a more educated population should have more choices regarding nutrition, jobs and lifestyle. An additional point is that college fees only contribute a small proportion of the college budget. However, I am opposed to free education. First, through their taxes, poor families subsidize rich students who can easily afford to pay fees.
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.
Negative externalities occur when social costs are more than a private cost. Governments may usually intervene when negative externalities arise, this is to tax demerit goods, which are goods that have negative externalities and are over produced in an economy. However, the government may find other solutions much more useful, for example; they find it more effective to subsidise merit goods, goods giving out positive externalities and also provide more information about the effects of demerit goods to discourage them. If markets were over producing demerit goods, those selling those goods such as firms would be taxed, so raw materials for the goods may be more expensive or possibly the machinery. This would increase the costs and result in the firms passing on the costs to the consumers, this would increase the prices of the goods causing negative externalities and discourage them from being bought.
A higher sales revenue will occur for etisalat which means the income the company receives from business activities, usually happen from sale of goods and services to customers. Etisalat will also have more opportunities to invest in upcoming projects. If the opposite occurs and etisalat has low availability and higher costs it would mean, people spend less on their goods/services which would mean there’s a low
Another benefit of being smart is that I have a chance to go to a better college or university. As a result if I get into a better college, I can get a better job. Furthermore I can get a better carrier because some colleges are specialized in the carrier I want. Also if I were more intelligent I would pass my classes in college with high scores. Those are the results of being more intelligent than being more popular more popular.
The Institute for Higher Education Policy says college graduates not only earn more and account for larger amounts of savings but also enjoy the benefits of higher education such as professional and personal mobility, leisure activities, and higher quality of life in addition to developing better culture, rationale, consistence, and becoming more open-minded. Going even further, research has proven people with higher education have lower smoking rates and better health, which is an indirect positive factor for any employer in terms of lower cost on health expenses, higher performance, and lower number of sick-days. Indeed, education is the benefit for the person who achieves it at first place, but these are so-called ‘secondary effects’, if can be worded this way; the real benefit is better knowledge, opportunities, and qualities that this person brings to the company. New professional opportunities for the company consist of many aspects, such as better communication abilities in speaking, writing, and public presentations (and lower costs of poor communication as the result), generally better
Selling products online will make it easier for Innocent to reach to wide range of customers. Another challenge that Innocent could face is being able to keep its current employees because during recession Innocent might struggle to pay wages so they might think of paying minimum wages. This may makes employees to leave the jobs and look for better jobs with higher wages. So it is essential for Innocent to provide as fair wages as they can to keep their existing employees. During recession Innocent would mostly want to survive.
College, however, does have its shortcomings such as putting individuals in financial debt, losing time that could be dedicated to making a living, and the stress that comes along with it. However, I believe that the good outweighs the bad in this situation because some advantages of being college educated are higher paying jobs, learning new skills, and having experiences that would you would very much likely not have otherwise. I ultimately strongly believe that college was the right decision for me and anyone else who might have similar goals as I
By hiring new graduates, employers can save money by spending less on training, gain new and fresh ideas from different fields and have employees that are adaptable at multitasking while being more technologically savvy. There are some beneficial reasons for employer to hire fresh graduate over an experienced person such as cost of salary and other cost for resources. The opportunity cost, employers should seek the opportunity of student and experienced person by comparing them. The cost of experienced person is higher than a grandaunt. For example if an employer hires an experienced person for $40 he or she can hire a grandaunt for $20.
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).