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Why the Education System is a Waste of Time and Money
Video: https://bit.ly/3ckZSnS
Discover more content in newmedia.ufm.edu
Education is one of the most valuable resources for a country, people and governments always consider investing in education systems to improve social welfare. The economist, Bryan Caplan, shows why this investment could be a waste of resources.
He describes the normal view, in which most economists and the people agree that education builds human capital, so it is better to invest more. But he comments that in most school classes, they don’t teach job skills, instead, in the US the education is more focused on arts, music, and foreign language, than literacy and numeracy, causing employers to believe more in grades or diplomas rather than real knowledge.
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By New Media UFMVideo: https://bit.ly/3ckZSnS
Discover more content in newmedia.ufm.edu
Education is one of the most valuable resources for a country, people and governments always consider investing in education systems to improve social welfare. The economist, Bryan Caplan, shows why this investment could be a waste of resources.
He describes the normal view, in which most economists and the people agree that education builds human capital, so it is better to invest more. But he comments that in most school classes, they don’t teach job skills, instead, in the US the education is more focused on arts, music, and foreign language, than literacy and numeracy, causing employers to believe more in grades or diplomas rather than real knowledge.