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I see it more as an investment in society, not in an individual. K-12 education is (in theory) a good example of this: free, high-quality (again, in theory) pub
by beisner 9y ago
I see it more as an investment in society, not in an individual. K-12 education is (in theory) a good example of this: free, high-quality (again, in theory) public education creates a populace with a certain set of skills and abilities. These skills and abilities aren't directly correlated with professional productivity, but they do contribute (IN THEORY) to better-functioning adults that are critical consumers of the world around them. A basic grasp of history, science, health, culture, math are all important aspects of a functioning democracy, as they enable citizens to assess the world and make more educated decisions about policy and societal changes.
College is an extension of this. I was a computer science major, so I definitely did see professional benefits from my education, but a major part of my education involved the non-major classes I took in history, anthropology, language, etc, as well as the concentrated interactions I had with peers from diverse backgrounds. Had I not attained a practical degree, the return on investment might not have been terribly high at a personal level (as the article describes), but at a societal level, having more people who have a more accurate and nuanced understanding of the world undoubtedly helps us achieve societal goals.
- ethiclub 9y agoAgreed, I believe there are many significant unmeasured externalities - The benefits of financial educations, the computer science education that is making this very automation possible, the critical thinking skills etc. And on the other side of the coin, the opportunity cost of the student not working 4 years 'in the real world'. But generally (and probably controversially, although the following is not intended to devalue non-uni-goers) I would place massive value in it producing more scientific, globally aware people - And being the best structure to 'stand on the shoulders of giants' to embody human 'continuous improvement'