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Income And Educational Outcomes


I have a question: What about the effects of Capitalism on the institution of education? Most people have not even begun to make the correlation. Look, I am not posting on the blog to pitch my book or anything, but there is an excerpt in it which offers clarification on the data listed above. Please don't forget that a person ascends into a selected laboring class based on his or her level of education. In an effort to clarify, I will post an excerpt: Capitalism is an economic system in which the means of production are privately owned and operated for a private profit; decisions regarding supply, demand, price, distribution, and investments are made by private actors in the free market; profit is sent to owners who invest in businesses, and wages are paid to workers employed by businesses and companies. By now I know that the readers of this book are wondering what all of this has to do with education. Why are owners and laborers important to the issue of educating our children? I felt it important to establish a foundation of capitalism. I just want everyone to understand that people in society are most likely going to be members of the working or laboring class. Most people don’t own large resources of capital. The majority of Americans have worked for most of their lives until they are of retirement age. During people’s productive years, they have probably established some type of long term savings account. Hopefully it is enough money or capital to live on once retirement has occurred. Most people try and use their resources wisely. I want to emphasize that in order for these conditions to occur, an individual needed to acquire a job that paid a decent salary. Most of these jobs required specific skills sets; therefore, additional training after high school is necessary. Most of the additional training is acquired from a college, university or vocational school. . Therefore, the level of education that a person receives in a capitalist society determines the wealth that an individual can accrue despite the fact that the individual is not an owner or industrialist in a capitalist system. It has been a well known fact that most folks try to attain a white collar job in America. It is the main reason why so many people are trying to attend a four year university.


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