What is the purpose of education in context of poverty elevation?
No, education does not teach people how to exploit others. Education teaches people how to be more productive. In the United States, each year of education past the sixth grade is worth 8-12% more per year. However, this is compounded. So a college graduate, with no experience, makes between twice and three times as much as someone with only elementary education. Experience isn’t very valuable in the United States because technology changes so quickly. There is a value to experience, but it isn’t very large per year. The problem is that everyone gets it simply by being older, so it doesn’t necessarily grant anyone a competitive advantage. Wages are determined by productivity. If you know how to do more, you get paid more. Less educated workers in fact work much harder and get paid less. Being more productive means producing the same amount of output, but using fewer inputs. In other words, a more productive worker works less hard and produces more in the same time. Some highly producti
