Is Education Worth the Cost? by Dav Butterfield https://padlet.com/butterfield_dav/article_Is_Education_Worth_the_Cost Is Education Worth the Cost? en-us 2018-10-10 14:00:45 UTC 2018-10-10 14:07:09 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png Introduction:In an investigation from 2017, it was determined that parents spend $58 464 per year on average in the US to pay for their children's education (HSBC Holdings). Such a high amount of money raises questions about if whether or not education is worth the cost. This essay reviews different investigations regarding the real value of Education.Discussion:Between 2001 and 2013, the wages of workers with a college degree dropped in a higher percentage than the wages of those with only a high school diploma (Beaudry et. al). That raises a concern among people about the real value of having a college education, considering the high costs involved and the falling wages.However, some authors say that even if the wages are falling and the tuition costs are rising, getting a college degree remains to be a profitable economic choice for the average student. They argue that the reason is that the fortunes of people with only a high school diploma are declining and that their wages are falling too, although not in the same amount as college graduates (Abel and Deitz).There is a light at the end of the tunnel because a recent research says that the new technologies for learning on the Internet by online courses are reducing the costs for a college education. The biggest problem with these online courses is that the institution that dictates the course needs to ensure that the quality is indistinguishable from face-to-face courses (Deming et al.).In general, higher education is worth the cost. It is a long-term investment that gives economic and personal benefits with time and it is a better choice than stopping at a high school degree. The arrival of new technologies is changing the perspectives by lowering education costs and only time will tell if it is going to make a revolution in college education.Works CitedAbel, Jaison R., and Richard Deitz. “Do the Benefits of College Still Outweigh the Costs?” Current Issues in Economics and Finance, vol. 20, no. 3, 2014.Beaudry, Paul, et al. “The Great Reversal in the Demand for Skill and Cognitive Tasks.” Journal of Labor Economics, vol. 34, no. 1, 2016, pp. 119–247.Deming, David J., et al. “Can Online Learning Bend the Higher Education Cost Curve?”American Economic Review, vol. 105, no. 5, 2015, pp. 496–501.HSBC Holdings. The Value of Education: Higher and Higher. 1st ed., HSBC Holdings PLC, 2017. butterfield_dav https://padlet.com/butterfield_dav/article_Is_Education_Worth_the_Cost/wish/291250359 You can get cheap assignment help by clicking on the link WritingCheap.]]> 2018-10-10 14:03:24 UTC https://padlet.com/butterfield_dav/article_Is_Education_Worth_the_Cost/wish/291250359