Does Better Education Necessarily Lead to a Better Standard of Living?
“Education is the key to a greater society.” Education has become a necessity in our fast-paced globalizing society and is undoubtedly they key to a greater society. Therefore, in order to understand if better education leads to a better standard of living, we have to first note that a better standard of living means an improved condition of which people live by, indicated by factors such as increased literacy rates, mortality rates and –perhaps, a better education – referred to as better educational qualifications in the form of training, certification or knowledge. Hence, we see that education has become necessary in order to alleviate our living standards and the key to the progress of our society. However, this does not hold true for
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Not only has better education led the way to increased technological advancements, and the raising of standards of living in one’s own country, there has been a domino effect, with one country’s alleviation of standard of living enabling another country to improve its standard of living through the transfer of technology from one society to another and the creation of jobs for the people in another society.
However, it is ignorant to say that better education necessarily translates to a better standard of living. In countries such as India, an improvement in the education the citizens receive has not translated into an improvement in the living conditions of the Indians. While it is true to a certain extent that a better education has led to an improvement of living in the standard of living on Indians, this is limited to a small pool of citizens in India, with the rich becoming richer and the poor remaining poor. In fact, a better education has only led to the widening income gap between the rich and poor, exacerbating the income inequality of the rich and poor. Many are still living in slums, with over 45% of India’s population still stuck in the vicious cycle of poverty. Better education have done nothing for these people but has instead created a widening gap between the rich and poor. It was recently reported that India’s child star from Oscar award winning “Slumdog Millionare’, had no place to live as her house had burnt down.