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Does Education Actually Shrink Wealth Inequality? Nahhh

Does Education Actually Shrink Wealth Inequality? Nahhh

Conventional wisdom dictates that education is the route to success. Weíre told that doing well in school allows anyone Ė even the less fortunate Ė to have the opportunities to succeed one day. Alas, as the Atlantic reports, the statistics say otherwise. Perhaps most tellingly, rich kids who skip college are still 2.5 times more likely to become wealthy adults than poor kids who do receive their college diploma.

You wanna be rich? Studying might help, but not nearly as much as being born into privilege.

As the wealth inequality gap continues to widen, itís become increasingly naÔve to believe that education is the answer. Obviously, part of the problem is the difference in the quality of schools. Even amongst public schools, the strength of the education being offered to students in well-to-do communities versus lower class communities is drastic.

But it goes well beyond that, too. Even the smartest of the students who live in poverty Ė those whose education, grades and standardized test scores correspond with wealthy kids Ė arenít finding the success that financially privileged students do. Smart low-income high school students rarely apply for competitive colleges, whereas smart high-income students apply to many of them. Amongst the highest achieving students, affluent ones are more than twice as likely to attend a top university than poor students with similar intelligence and skills.

Likely, there are many reasons for this higher education wealth gap. The elite low-income students probably assume they canít afford the best schools. They probably lack the confidence to pursue opportunities that arenít typical of their communities. And they probably do not have the guidance counselors to show them how to game the system and apply to a variety of reach and safety schools, as well as hunting for scholarships.

Diplomas from the best colleges can often result in the best (highest paying) jobs. Without the prestigious degrees, high-achieving/lower class individuals fall back into the cycle of finding less success than their well-to-do peers.

Obtaining the best jobs is also a losing proposition for lower-class individuals. While similar statistics are not available for the United States, in Canada, 70 percent of the sons of 1%ers work either directly for their fathersí companies, if not directly for their fathers. Thatís some real nepotism in action and a way to keep the rich rich at the exclusion of otherwise promising poor young adults.

Whatís the answer? A Mother Jones op-ed might have a potential solution: instituting policies that consider class when evaluating college or job applications. Though Affirmative Action seems to be losing in court battles, switching from race- to income-based decisions could add some diversity in the types of people receiving the best opportunities.

In the end, however, while I find the circumstances troubling, maybe part of the problem is the way we are interpreting and viewing these dismal education/success statistics. By measuring ďsuccessĒ in purely financial terms, we are helping to establish having lots of wealth as a top objective, a belief that has undoubtedly spawned the enormous wealth inequality gap in the first place.

A quality education shouldnít necessarily provide a few lower-class people with the tools to reach financial prosperity. Perhaps the best education would help the masses to imagine a new system that opens opportunities to everyone and prevents such rampant wealth inequality. I mean, if education isnít going to help the poor to receive a fair shake in this game we call capitalism, we might as well teach them to change the game entirely.

 

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55 comments

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1:14AM PDT on Aug 14, 2013

Having a university or college education is all very well but finding that one employer who is going to take a chance and employ you without experience is another. I live in Australia and I am trying to find a job as a Library Assistant. I have completed a college certificate in a relevant course and I also have a Bachelor of Arts degree but I am finding it hard to break into this field. All the jobs advertised state they want experience which I don't yet have. I have even approached Libraries offering my services for free so I can get the experience, but I have been told that they do not have a voluneer program in place and their are issues with insurance as well.

10:40PM PDT on Jul 7, 2013

Thank you Kevin for a good article, it gives one a lot to think about, and it opens conversation as to a way to improve education, job equality, and the ability to make a living for everyone.

4:34PM PDT on Jul 7, 2013

No..not anymore, it's sad

10:33AM PDT on Jul 7, 2013

ty

4:25AM PDT on Jul 6, 2013

Thanks for sharing.

9:00AM PDT on Jul 4, 2013

Lots of problems here, but one very good point:

#1: Wealth-inequality is absolutely not the correct measure of the value of education. Compare people who succeed in school with those of of similar backgrounds who do not. It's about improving one's own conditions, not equalizing with others.

#2: Tuition and the value of the prestige of a university are a central problem. I could go into detail as to what badly exacerbates this problem beyond what could easily be overcome, but that reason would be rejected out of hand on Care2. If anybody is interested, PM me.

#3: The MJ approach is both disgusting and dangerous. Considering class in hiring? Really? If one person can do the job better, whether due to greater intelligence or greater education, even if that greater education came from fortune of birth, that person gets hired. How exactly would MJ want this to change? The last time anybody tried to measure intelligence for this purpose, it was outlawed.

#4: Gravity is not a social construct. You can't just imagine a new system and make it happen. Neither is scarcity. Capitalism follows directly from scarcity. There is a reason why there has never been a different functional system.

12:17AM PDT on Jul 4, 2013

Thanks.

11:07AM PDT on Jul 3, 2013

Thanks

1:26PM PDT on Jul 2, 2013

The oligarchy tells us that if we work harder for less pay, wave the flag and pray to God, we can all be rich. It's not working.

12:38PM PDT on Jul 2, 2013

thank you for posting

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