Does Better Education Necessarily Lead to a Better Standard of Living?
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.