Why More Education Is Not Always Better

preview_player
Показать описание

This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!

Education is rightly seen as one of the best ways to develop a country’s economy, as more productive workers can create better living standards for everyone. But is there a limit to the benefits of education and should countries be wary of this double-edged sword?

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

Enjoyed the video? Comment below! 💬
⭑ Enjoyed? Hit the like button! 👍

Also on Apple Podcasts or anywhere else you listen!
Follow EE on social media:

#Economics #Explained #EconomicsExplained

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏

The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:

UPPER CLASS
Jeromy Johnson, Juan Benet

UPPER MIDDLE CLASS
Pineapples&bricks, Adrian Bellomo, Maximiliano Rios, Peter Wesselius, std__mpa, Bac Nguyen, Michael Ling, Stephanie Roth, Frank Soltero, David Poliakoff, Jay Eno, Ryan Foo, Grégoire Duchêne, Sophie G, Brett Jubinville, Anthony Roberts, jill hoffman, Nathan Ngumi, JKH, Post Apocalyptic In Missouri, Constanza de Svastich, Laor Glukhovsky, Kib Bibens-LeFebvre, Forodon, Paul Ashworth, Igor Stavchanskiy, Mcfeld, Wendover Productions, Andrew Harrison, Igor Bazarny.

MIDDLE CLASS
Brian, Vladimir Zotov, Stefano Panaro, Seth, Dragan Alexandru, Tenebrion, Jason, Alex Wong, Jamie Costello, Rick Van Velden, Leah Klearman, Bacongravy, Klaus Clemens, Ps0Fa, Abel, Eric Slimko, Adam, Empyre18, Brian Jackson, Istvan P, Johann Döpke, Leonid Sorokoumov, Thomas Davenport, Nicholas Luchetta, Kim Brand, Ted Marcy, Joshua White, John Issitt, Joe Ryan, Patrick Staight, Wees Kendall, Shane Guthrie, Andrew Baartz, Jim Kirker, Justin Smith, Karan Mehta, Alex, roGER, Elisabeth Stanfield, Ash, Marton Csikos, Randy Cleary, Arjan, Marton Szasz, Liubov Zvereva, Jeff York, Michael D. Hall, Long Phan, hunter dalton, Craig Mews, Kent Klatchuk, Stefan Penner, ZETTAwith3TEEES, Zac Woodrell, Roman~1, Chris Hawkins, Wesley Fite, Robert Nyborg, David McIlveen, Anthony, Arend Peter Castelein, Daniel Alberto Vázquez Rodríguez, Kamil Sicinski, Dodd Willingham, Leo Vassershteyn, How long can a profile name be... this long... Wow, this is longer than I would have expected. Good lord, the letters! Secunda!, Michael Kürbis, Hugh Harris, David W., Will, Kheng Lai Tan, Andrey Kalganov, David Taylor, Scott Greenwood, Jane Walerud, Simon Sturmer, Zachary Demko, Michael Wolff, Steffen Lindner, Siegfried Eggl, PM, Jack Annear, michael, Jonathan Krailler, Franklin, Trevor, Marcel Roquette, Daniel Hall, Connor Costello, John D Tyler, Petronio Coelho, Kevin MacIntyre, Travis Thompson, Matthew Eggleston, Andrew Vinnichenko, Zachary Kasow, AZbytes, Johannes, Reuben Field, Nigel Pauli, Jacob, AB3, Sridev, Matt McKee, Norrawed Setthiwong, Victor T., Pedro Brito, Michael Salt, John C, Rimvydas, George Dusu, John Downie, Shivan, Caleb Adjokatse, Donald Wedington, Demo sthenes, Brenton Milne, Hayden van Reyswoud.
Рекомендации по теме
Комментарии
Автор

Over-education isn't a problem. Over-credentialism is. The only reason I'm in college is to get a piece of paper to wave at HR.

ZyroZoro
Автор

I'm German and got my whole education here. It was a while ago, and I got to see first hand the changes to education that were done to appease employers. I was one of the last to graduate under the pre-BA/MA model. I remember having a lot of leeway to choose my own courses as long as I fulfilled certain minimum requirements, and there was a big focus on forming a scientific mindset instead of raw facts.
While I was studying, the employers started announcing publicly that they want students to bolster their studies with volunteer experience made abroad. At the same time, fellow students reported that in job interviews they were being reprimanded for any gaps in their CVs that were not tied to by-the-book studies or fell between graduation and first job. Basically, the employers wanted to have a supply of graduates with specific skillsets on paper but had no interest in giving them the time to actually get that experience. And they kept faulting education for not fillling their needs.
After graduation I worked on my PhD and proceeded to teach some courses at uni, for students who were now in the BA/MA system. I noticed that there was no more leeway for them to choose their own topics of study. It was basically structured like school: You had classes that taught a set of facts that you needed to pass a final test. A "scientific mindset" haS no room in that system, because can not be easily be put to a standardized test.
At this point, I feel like the archetypical university education is just something that was structured to please employers who want to have an easy template to filter job applications. They just want a list of minimum requirements fulfilled in a minimum of time because younger=cheaper. Even if their expectations are completely unrealistic and the degrees themselves are completely disconnected from any kind of ability to understand the process of doing science.

Wonzling
Автор

You can never have too much education, but schooling is not the equivalent of education.

WilliamDye-willdye
Автор

I think the biggest contributor to this problem is that getting a degree is now an expectation rather than an option. It’s expected that anyone who does well at school go to Uni and get a degree.

jaguarj
Автор

I think our society tends to look down on those without a college degree. You are judged based on your education level, unless you are independently wealthy.

whiskersredwood
Автор

Overeducation does worry me, in the UK University level education is becoming so commonplace that graduates cant find jobs. In most stem fields a regular degree has been devalued to the point where a Master's or Doctorate are becoming a requirement to guarantee a job, simultaneously low skilled jobs are beginning to require new employees to hold degrees they don't need, just because they can.

aelux
Автор

Here in Norway, there is something called “masters degree sickness”. To become a manager or team leader in basically any field, especially in governmental positions, requires a masters degree..

svettnabb
Автор

My heart goes out to all college students who got crippling debt and didnt learn much

HeisenbergFam
Автор

I had a neighbor who has several restaurants, his own boss, an entrepreneur. He gave my son his first job his last year in HS. When my son said he was not sure what he wanted to do but that he didn't really want to go to college but felt pressured to go by society (not me) my neighbor told him this:
"A degree is your qualification to work for someone else. Decide what you want to do and learn and master that. That is the difference between finding a job and finding fulfillment". Golden

tipennya
Автор

I'm in Australia in my late 30's. An advanced economy with a solid education system. I didn't finish high school and currently earn the same as my wife who has a masters degree and just submitted her PhD. School isn't everything.

clintosorus
Автор

A really big problem here in the states is that companies demand that their employees to be extremely over educated. There are jobs that someone who never graduated high-school could do just fine that the hiring manager is demanding at the least a bachelor's degree. There are people that have a near minimum wage job with little to no chance of advancement to a better paying job.

Donkeyearsa
Автор

Something that is VERY apparent in Europe and parts of North America is that home-owning older people (often retirees) simply cannot find tradespeople to fix problems. There is a HUGE demand for plumbers, electricians, carpenters, roofers, and general handymen/people, and this demand is going to keep growing as the boomer generation retires. It's even more apparent in cottage country rural areas outside cities. Lots of opportunity for people who are both willing to learn technical skills and/or setup their own business.

davidbarry
Автор

I did university after high school because i didn't yet know what I wanted to do with my life. Completed my degree but never used it for employment in that field. No regrets though as it gave me the skills to teach myself what ever i needed for my future careers.

sbailey
Автор

I think removing the trades from school was one of the worse economic decisions weve made.

SenseiLlama
Автор

It's very frustrating how predatory and coercive the higher education system in the USA is. Not only are we pressuring minors into applying for college without even suggesting trades as an option, but once they get there, we're giving them a license to make massive, life altering, financial decisions. If you ask me, the "exit counseling" that I received AFTER I had taken out my student loans, would've much better served me if I had gotten it before taking out loans. I'm sure it varies from place to place, but that was my experience graduating high school in 2016. So many simple, seemingly obvious regulations would help alleviate a lot of this predatory bullshit. Make sure students are educated on the opportunities in trades and options outside of college through mandatory education in high-school. Then have them take a basic financial course on how loans work and what it really means for their future to take these loans out.

xXGreatKilla
Автор

A real problem that i doesn't think you mentioned is the way we tend to lump all college degrees together. A ba in art has completely different demands, and job prospects, compared to a bs in petroleum engineering.

parker
Автор

I see this problem around me for sure. Physical labor is stigmatized and underpaid, which results in everyone wanting to be in the high education jobs. It should balance out when the pay disparity normalizes and people can live better on physical jobs. ofcourse it also takes time for that to work its way through the education system.

shadeblackwolf
Автор

I can tell you as someone with only a high school diploma - being a dishwasher or grocery store worker well into your 30s is PAINFUL. I’ve been making minimum wage since 2010. If you grew up in a poor family, go to college for something that will pay well

Edit: I hope EE makes a video about people on the lower economic bracket in developed countries. What kind of jobs they do, their prospects, etc

LucasDimoveo
Автор

Don't forget that education continu after school. Education is what make human great and simply the act of opening a book, listening to a youtube video or talk to someone to learn something new will always improve your life.

shawnquintal
Автор

Here in Latvia there are set amount of free university scolarships based on demand that fluctuates each year. For example there may be 60 spots for becoming an environmental scientist but thousands of spots for IT. Overall this works atleast somewhat and everyone can get some education. Those who did the best in highschool will have the first choice and those who did worse will have an oppurtunity to enroll in what's left.

GOATMENTATOR