All spheres of human activity are important and are somehow related to one another. Modern society requires a lot to claim that all people are happy and secured. Society directly depends on the educational sector. These two spheres are tightly related because the first cannot exist without the second. It makes sense to invest in education because the educational sector sufficiently improves social productivity.
Joan Young, a famous academic writer of AdvancedWriters, has expressed a very interesting opinion. “Modern society would hardly exist without well-educated people. When it invests in the educational sector, it reaps multiple benefits that ensure its stability and prosperity. The more educated workers have the higher level of productivity the country enjoys”.
We agree with this statement and our informative article focuses on the major benefits society reaps when it invests in education.
Enhanced Skills and Knowledge
One of the most important objectives of education is to provide children with knowledge in different fields and develop the necessary skills. Afterward, children decide what career can suit their needs and talents. When they become qualified specialists, they get hired and play a certain role in society. These steps are well-known to all, but they are undoubtedly important.
Society requires high-quality products, services, and living conditions. They would be impossible without skilled and knowledgeable workers. Education provides them with the necessary information and enhances their skills to produce top-quality specialists in all fields. Consequently, society receives the required quality through boosted productivity at the workplace.
There are many profs of this theory. Simply compare different world regions. For example, the quality of life in society is much better in China and Japan compared to Latin America. Hanushek and Woessman studied these regions in “The Knowledge Capital of Nations: Education and the Economics of Growth” (2015). Their studies prove that a high level of skills directly affects the growth and prosperity of any society. Asian students have better conditions to develop their skills. When they grow up, they become high-quality specialists that result in economical, social, and cultural improvements. Countries of Latin America have a lower level of education. Consequently, the quality and productivity of their societies are weaker.
Investment in the Future
Well-educated people secure the prosperity of society and the nation in the future. The word “investment” means that you give some credit to a definite field, variant, or person hoping that the desired results will come in the future. When society invests in education, it invests in children. They grow up and become complete members of society. They receive the necessary knowledge and develop high-quality skills to become effective workers.
Although the process takes some time, it’s worth a try. If people want to improve their lives, they need well-educated children. Adult experts will invent new products and services, will change the mechanisms, and so on. Society continuously moves and requires changes. Out-of-date approaches become useless in some 10-20 years or much faster. Fortunately, new generations of intelligent children can meet new social demands and implement the necessary changes to improve living conditions. Accordingly, investment in education is likewise an investment in the future of society.
Improvement of Economy
Social well-being is hugely dependent on economics. If economic conditions are productive, society will enjoy multiple advantages. It makes sense in making high-quality education accessible to all. Thus, residents will reap numerous benefits, and it will strengthen the overall state economy. Education has become the most important product of tomorrow.
The best way to check the progress of an economy and state is to track the average income of its citizens. One study registered a significant boost in the USA between 1979 and 2012. The number of educated specialists increased for many a time and the country continuously improved the quality of life in general. People require improvements, conveniences, and economic stability. These needs can be ensured by education. The country wants to satisfy the needs of its citizens and thus ought to enhance economic productivity. Only certified specialists can help to achieve that objective. The country invests in education and human capital. If it doesn’t happen, the social level of life will be poor.
Boost of Entrepreneurship
The business industry is one of the most important rapidly developing spheres of human activity. Different big and small enterprises create the goods required by people. They offer cars, refrigerators, micro ovens, or the simplest spoons and plates. Accordingly, the convenience of society is likewise dependent on entrepreneurship.
Many youngsters associate their future careers with business. The task of the country is to provide comfortable conditions that allow for becoming qualified experts. Afterward, adult and certified people begin to create new propositions and improve outdated mechanisms. If the productivity of this sector is weak, the whole country will fall behind.
Advancement of Technology
Society reaps numerous benefits thanks to technology. It’s another field that gets boosted thanks to educated workers. Before the era of technology, countries hoped to succeed thanks to the skills of certified workers. Nowadays, this concept is irrelevant and ineffective. Workers’ skills are supposed to be combined with technology. It’s the best way to enhance productivity.
Brynjolfsson and McAfee explained this phenomenon in “The Second Machine Age”. Some countries use technology that excludes human intervention. As a result, many people lose their jobs, and it negatively reflects on the wellbeing of society. The USA has chosen a different path, which demands to implement technology that boosts productivity but likewise keeps people employed. Therefore, education pays close attention to technical skills.
When a person has advanced technical skills, he/she can easily use innovations in the workplace. It enhances productivity and saves a person’s job. Future workers are given that chance, and they try to become adaptive and flexible. When the country raises educated specialists, it inevitably enjoys success.
It goes beyond all doubts, that our society is strongly dependent on the quality of education. Knowledgeable and skilled workers are among the major foundations of social stability and success in general. Such people sufficiently boost productivity in all spheres of our life.
