High Education Is The Best Path For Future Economic Success

1020 Words5 Pages
Whereas the public was told that higher education is the best path to future economic success, the increasingly competitive and harmful nature of the educational system has some families seeking alternatives to the common institution. The question becomes whether these alternatives are the right solution for producing well-rounded young adults who are prepared to enter the global economy. By the end of 2015, there have been 4,200 students who visited the Engemann Student Health Center at USC, which is a 20 percent increase from last year. This trend in USC is not a coincidence, as it is also reflected among young adults and was echoed by American psychologist and research professor of psychology at Boston College, Dr. Peter Gray. He explained that “rates of depression and anxiety among young people in America are increasing steadily for the past 50 to 70 years.” Citing a study, Gray explained that one of the reasons behind the proliferation of these mental health issues was that students today put more value on “being well off financially” over “developing a meaningful philosophy.” The emphasis on economic success results from the competitive nature existing in higher education starting from college admissions. Many high school students anticipate this cutthroat competition, which results in a long list of extracurricular and leadership roles in their resumes on top of competitive standardized test scores. To the point that, some students resort to desperate measures such as cheating to gain an advantage. Students focusing on extrinsic goals and making economic decisions deviates from some of the main purposes of higher education, which is to increase learning capacity and equip oneself with critical thinking skills essential to b... ... middle of paper ... ...e “micro-degree” in business, the degree inflation counterbalances the value of micro-degree alone since the minimum education required has increased. Although, online courses and certifications can add credentials to your resume, it cannot substitute for an actual college degree if one plans to go into workforce. This trend only emphasizes that it is ever-more important to secure a college degree despite the heavy financial burden of its tag price. For one, “the return [to education] has remained high in spite of rising tuition and falling earnings because the wages of those without a college degree have also been falling” which takes the college wage premium to new heights, according to a 2014 study by the Federal Reserve Bank of New York. Given the magnitude of the long-term economic benefits of attending college, it is not the prime benefit of going to college.

More about High Education Is The Best Path For Future Economic Success

Open Document