Monday, March 9, 2015
Jacob Beser-Chapter 6- question 6
The thing about this chapter that struck me the most was the link between education and unemployment and poverty. I knew that this connection was present before reading this but having some numbers to put behind it gave more of an impact. The fact that on average per year a college student will make back their investment plus 10% per year after getting a job seems a little ridiculous but making $88,000 a year isn't unheard of for some students out of college. The other thing that struck me was the illiteracy rater in countries like India that don't provide free public education and if they instated a public education system and lowered their illiteracy rate again the effects it would have on their already industrious country. It would allow them to develop better infrastructure and clean up streets, new cities would sprout up and population density would disperse, and they would have an abundance of new students studying abroad.
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