Economics of Education: Crash Course Economics #23

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CrashCourse

8 жыл бұрын

How does education work? Where does the money come from? Who pays for it? Is going to college a good investment? Adriene and Jacob are talking today about the economics of education. Most countries require that their citizens get some education, and most countries pay for basic education, but the quality of education can vary widely. And in the US, post-secondary education can come with a lot of costs.
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Пікірлер: 629
@DylanKoerner
@DylanKoerner 8 жыл бұрын
So let me explain why I like to pay taxes for schools, even though I don't personally have a kid in school: It's because I don't like living in a country with a bunch of stupid people.” John Green
@HxH2011DRA
@HxH2011DRA 8 жыл бұрын
+Dylan Koerner Too late
@160p2GHz
@160p2GHz 4 жыл бұрын
I used to be libertarian and basically this fact and that I don't want to be surrounded by sick people flipped me
@UnashamedlyHentai
@UnashamedlyHentai 8 жыл бұрын
I went to college for comp sci. I have ~100K in debt, but make ~80K annually. My parents were not educated, but I received some encouragement (but no financial assistance). It was totally worth it.
@CliffRoth
@CliffRoth 8 жыл бұрын
Another reason its so expensive is that there are a lot of courses you need to take that have nothing to do with why you are there. My wife is a Nursing Student and the amount of extra courses she had to take just to graduate is ridiculous. Book costs are also ridiculous. Some Lean Thinking could really help out with streamlining the process.
@DavidWilliamsaz
@DavidWilliamsaz 8 жыл бұрын
+Cliff Roth Book costs are a lot like drug costs those doctors/professors that require people that buy the book/drug are not the same people consuming the book or drug.
@mybestlifepossible2576
@mybestlifepossible2576 4 жыл бұрын
Oh yeah, as a person who had a long nursing career, want to say, facetiously, " that's the nurse I want taking care of me, the one with the, " Lean Thinking, " and streamlined education . For your information, their is an nursing program like that, whose name I won't mention. I have always called it, sarcastically, " the nurse in the box program." Nurses that graduate from it, will find, most states, don't recognize their license. Also, many of those nurses patients often have negative outcomes, in some way, because their is no clinical. This program feels that if you were in certain allied or paraprofessional fields, than you have skills to transfer over , to their RN program. You don't do any clinicals, you just go to a site, are assigned, for at least a day, to patients, where under watchful eyes , you must pass doing these clinical skills, according to what you learned from a textbook. To pass you must demonstrate these skills, exactly, as the steps in the textbook show. Problem is some students in this " nurse in a box, " program , are admitted, but some come , from health care backgrounds that don't utilize nursing clinical skills. They accept respiratory therapists, for examples. I really would be lost, if someone suggested to me, I could be a respiratory therapist, because I am a nurse. There is crossover in airway management , but they are not at the bedside using the huge arsenal of nursing and clinical skills , nurses are trained to use, and get hands on practice doing under the direction of their clinical instructors , in a clinical setting. Last, I checked, this program had a lot of angry students, who first couldn't pass the necessary demonstration of the clinical skills, and others who did pass, only to find the states , they hoped to practice in, state boards of nursing, would not let them sit for boards, or if they did, their were other hoops they had to jump through to practice in some states. I hear they did some revamping of the program, but don't know , if it helped nurses who graduated from this program, obtain licenses easier, and be recognized , in every state. California did not accept these nurses. If a state like California which sets high standards in healthcare, does not accept your license, then you know, your in the wrong program. Lastly, shortcuts in nursing in any area, including nursing education, spells most likely negative outcomes , for you, the patient.
@garethbaus5471
@garethbaus5471 4 жыл бұрын
I am majoring in metallurgical engineering, and have to take a few classes of limited value such as English, I have been speaking English for roughly 19 years if I am not fluent at this point one more class isn't going to do me any good.
@chillsahoy2640
@chillsahoy2640 8 жыл бұрын
Is college/university worth it? Yes, as long as you're willing to then work for free for a minimum of 2 years after graduating (and still find a way to pay for rent, bills, food, etc) before you can get a real job. Speaking from personal experience.
@RedLeader327
@RedLeader327 8 жыл бұрын
Ouch.
@JayneCobb88
@JayneCobb88 8 жыл бұрын
+Mr “The One Who Reviews” Schrödinger I've never understood why people put up with non-paying internships. Just move to another city/state with a better job market.
@HangerRaccoon
@HangerRaccoon 8 жыл бұрын
+Mr “The One Who Reviews” Schrödinger As White privileged fuck that by some miracle landed in STEM in northern California (Comp-Eng At UCSC) I assure you that unpaid internships are not a bad thing when your receiving financial aid (less income = more aid [as long as you can keep up the grades]) That most people just don't take the time nor have the time to do the research about where they are going to collage and how to develop them self as a person. I got a unpaid-internship at Denso (but they did cover transportation, food and housing )when I was 17 working on diesel fuel injectors. That we should be investing in primary education instead of secondary education. because primary education is a better investment rather than secondary education due the larger impact it will have on society. Also because I am shocked by the number of my peers that are smoking and drinking away there education, paid for by government money. I know my grammar and English is bad, it's not my first language.
@HangerRaccoon
@HangerRaccoon 8 жыл бұрын
+Mr “The One Who Reviews” Schrödinger As White privileged fuck that by some miracle landed in STEM in northern California (Comp-Eng At UCSC) I assure you that unpaid internships are not a bad thing when your receiving financial aid (less income = more aid [as long as you can keep up the grades]) That most people just don't take the time nor have the time to do the research about where they are going to collage and how to develop them self as a person. I got a unpaid-internship at Denso (but they did cover transportation, food and housing )when I was 17 working on diesel fuel injectors. That we should be investing in primary education instead of secondary education. because primary education is a better investment rather than secondary education due the larger impact it will have on society. Also because I am shocked by the number of my peers that are smoking and drinking away there education, paid for by government money. I know my grammar and English is bad, it's not my first language.
@JayneCobb88
@JayneCobb88 8 жыл бұрын
***** who ya talking to?
@svetlanaprado1866
@svetlanaprado1866 8 жыл бұрын
We also to factor in those hidden advantages that privileged students have, such as; having parents that speak english or having the encouragement of family or even something simple as transportation. It is true, when comparing two students with different background, it plays a massive role in the success of a child.
@RandyLy
@RandyLy 4 жыл бұрын
As a recent graduate, I've noticed a lot of college students not come out smarter after graduating. Sure they've received the information from their college if they attended lecture, but that doesn't mean they will apply it in the future. Some didn't know or care what they majored in from the start and just went to college because they were pressured to do so by their family or friends. The information they received and the amount they paid for it was practically wasted knowledge.
@cjezinne
@cjezinne 8 жыл бұрын
Wait? Colleges are "Heavily Subsidized" and this is the price? DEAR GOD, I need to move!
@Lumamaster
@Lumamaster 8 жыл бұрын
+Chidubem Ezinne Public colleges are anyway. But yeah....they're expensive af still T_T
@Spice
@Spice 8 жыл бұрын
+Chidubem Ezinne Pretty sure Norway offers free university education to anyone living in the country. Move and get a dual citizenship, or outright denounce your US citizenship and become a proud Norwegian.
@dragonlord2714
@dragonlord2714 8 жыл бұрын
+黒い楓(Spice) As a Norwegian I can say that that education is almost free and in addition so is Healthcare
@FieldMarshalFry
@FieldMarshalFry 8 жыл бұрын
+Chidubem Ezinne don't come to Britain... we're becoming more like the US
@iller3
@iller3 8 жыл бұрын
+Chidubem Ezinne most Big-Business in the US is subsidized. 3 to 1 over poor people. The reason everything is so expensive for us is because our market is literally a Video Game and not a real market. Everyone's out to get the biggest high score and price everything at "what the market will bare" . _Turning a profit_ is rarely enough, instead everything is measured on expectations of Growth. Companies that don't meet hedgefunder expectations or dividends are subject to hostile acquisitions/mergers.
@ChristianNeihart
@ChristianNeihart 8 жыл бұрын
When I can, I'm going to bring education to those less fortunate than I.
@HxH2011DRA
@HxH2011DRA 8 жыл бұрын
+Christian Neihart You're good man
@Gilbertopuppy
@Gilbertopuppy 8 жыл бұрын
+Christian Neihart sure you will and then we are all going to hold our hands and sing kumbaya
@steviewonder65
@steviewonder65 8 жыл бұрын
+Matt Colgate economist at this point are pretty much useless so no need to replace. They advance a theory that denies established laws of physics; the pursuit of models and plans based on that theory, and the dissonance between it and reality, is ultimately the cause of the unfolding ecological disasters we find ourselves in the midst of.
@ChristianNeihart
@ChristianNeihart 8 жыл бұрын
***** It speaks but I don't quite understand what it's saying.
@kekero540
@kekero540 8 жыл бұрын
+Christian Neihart most of the reason a lot of less fortunate countries are like that is because they aren't receptive to the ideas your teaching. imagine going to the 15th century and telling everybody, exoplanets, and the formation of the solar system. also the entire field of biology. and that's why those places suck because their society in general sucks and isn't receptive to new better ideas and truths. Europe and Asia dominated because they had many routes to trade with people and could communicate ideas more easily and Asia had a much more malleable form of ideas.
@stellarfirefly
@stellarfirefly 8 жыл бұрын
Props to the AC/DC belt buckle. :)
@roguedogx
@roguedogx 8 жыл бұрын
+stellarfirefly they do seem to be kind of his thing I remember him wearing a similar one a few episodes back.
@davidp5823
@davidp5823 8 жыл бұрын
He wears one for every episode. They even change....
@jonas6259
@jonas6259 8 жыл бұрын
Keep in mind, that jobs that require a college degree are harder to automatize. So your job is safer and you have a lower risk to pay one more time for a new education.
@TaltsProductions
@TaltsProductions 8 жыл бұрын
LOVE YOU GUYS . Very excited to see each episode each week, you all have helped convince me to pursue a degree in economics (I am currently serving active duty and half-way through my enlistment). Very interesting stuff and you all present it very well. Thank you very much again and keep up the great work.
@Mixi1516
@Mixi1516 4 жыл бұрын
Some pretty questionable notes, but go wild yall Economics of education Education is considered a positive externality - a benefit that is enjoyed by a third-party as a result of an economic transaction (helps individuals and society as a whole) US has a problematic educational system, one of which - inequality. Funding is needed, but for others competition is needed. Investing in primary and secondary education is considered a priority. College has more requirement for enrolling and doing the degree. College graduates earn more, by showing proof for finishing a degree basically - a diploma. Cost - expensive in the U.S. Forcing students to take loans. There was an inflation in prices in recent years. There are options for discounting (scholarships, etc) Inflation in prices of unis are because the actual costs of running a college is higher.
@gmarefan
@gmarefan 4 жыл бұрын
In addition to signaling theory, it could be that people who are more likely to go to college are more likely to have access to connections. 7 and a half semesters of college also provides some level of signalling.
@bryanwan6169
@bryanwan6169 8 жыл бұрын
I wish I was taught how to do my taxes. :P
@Lumamaster
@Lumamaster 8 жыл бұрын
+Cryp Tic High schools REALLY need this to be a mandatory course or something.
@SusanWojcucki
@SusanWojcucki 8 жыл бұрын
Did your school not offer any personal finance classes?
@Mitsunosai
@Mitsunosai 8 жыл бұрын
I hope you will be addressing a couple issues related to this topic in a future episode. 1. If someone does not have the means to stop working long enough to go to college it does not matter how statistically better it would be for them to do so. They still need to be able to cover their basic needs. 2. Please go into the opportunity cost of both the loss of higher tax revenue and the potential loss of innovation by limiting the portion of the population that even have college as a viable option.
@TPRJones
@TPRJones 8 жыл бұрын
I work at a community college and it's so frustrating how the Tech Ed fields are dismissed by both academics and the counselors. So many times I've heard stories about students being told "no no you don't want to be a welder, why don't you try philosophy?" or similar crap. Not every student needs to go into academics, and pushing those students away from a technical degree is a horrible disservice that often leads to students that rack up debt working towards a four-year degree that will never get them a job that's better than the ones they could have had with that technical degree they were originally interested in.
@jordanrussell6971
@jordanrussell6971 8 жыл бұрын
small problem with "competition" the schools often blow their funding on dumb things like a new stadium instead of their curriculum, which actually needs work, looking at you Marcus highschool
@israelsolis1068
@israelsolis1068 7 жыл бұрын
I would add that college horror stories also involve those individuals who finished college and can't find the career they want because of the academic red tape surrounding their field. For example, I spent nearly 14 years immediately following high school to achieve a Bachelors, Masters, and a Ph.D. degree in music academics. I was top of my class in undergrad, wrote an evocative masters thesis which captivated the the attention of the top minds in my field, and published a dissertation on a topic which opened for me avenues of communication with important Hollywood film compsers. Yet, after graduating with my Ph.D. in 2013, and over 70 applications later, I can't find a suitable teaching position with a college or a university that will provide for me and my family. All of the available teaching positions I have applied to and have seen advertised want veteran academic professionals; or, want you to teach a wide array of subjects outside of your expertise, in addition to your area of expertise, for under a $40K annual salary. So what do I do? I work for a company that provides just enough to get by, I'm not teaching, and I have over $90K in student loan debt. And I know people who are in the same boat as I am, within and outside the area of music.
@bobchen5662
@bobchen5662 8 жыл бұрын
I finished graduate school in my country last year, and I agree with the conclusion at the end of the video. Whether it is worth the money going to college or even graduate school really depends. There is no quick and clear answer to the question. As far as I am concerned, I took a loan on my study of the graduate program, and so far I do not regret it. I've learned what I wanted to learn at first place and now have more resources to be better at my job, which I've been doing for nearly a decade.
@legoboy468
@legoboy468 8 жыл бұрын
Education is great for society, but it needs to interest students (mainly in high school and middle school) more or that money is just being wasted. That's why I like this KZfaq channel, it teaches you things but also is entertaining!
@christhecurator6403
@christhecurator6403 6 жыл бұрын
love you crash course . you guys just saved my life ...
@cfrits3
@cfrits3 8 жыл бұрын
Thank you so much crash course!
@syksafi
@syksafi 6 жыл бұрын
Thanks, Adriene and Jacob to broaden our perspective. There was a post on LinkedIn, "who should we hire a person with certificate or a long exp". Guess What might I have commented there. Thanks again
@bdrizl
@bdrizl 8 жыл бұрын
says "gourmet dining" shows an omelette being cooked
@therealshadow99
@therealshadow99 8 жыл бұрын
I'm one of those horror stories of people who did not finish college and wracked up insane debt. I went to a private institution the first time around and my parents were consider to 'rich' (both of them working they made ~50k/year) for me to get any real aid. In fact their burden was beyond their means and they took out parental loans, which they have held over my head for ages now. My first school I wracked up 80k in student loans and simply ran out of enough money to go in my senior year. With not enough money to finish I had to go home and try to get a 'real job'. However I quickly found I was nearly unhireable for anything that would let me pay back my student loans without a degree and I was talked into getting my associates degree to be somewhat more employable. Which since I owed so much was part time and took nearly three times as long as usual while I worked for a electronics store. I did get a fairly good job out of that, right up until the economic downturn and my position was removed. Out of work again I spent a year on unemployment without finding a new job, so I returned to school to finish my degree. However it had been 10 years and they didn't want to take my credits from my first college or my associates degree because of their age (what they did take became general education credits). So I had to go for another 4 years... And I'd taken out so much in loans I ran out of money in my senior year. Again. Which brings us to 14 months ago and I'm yet again unhireable with employers telling me I'm underqualified (anything out of my field), they only hire college grads, overqualified in my field (because I have a decade of experience and end up applying for jobs which are more 'entry level' because those are what have openings), and best of all 'to old' (though they make sure to say I have 'to much time in your field' to avoid legally saying I'm to old). So now I've been out of work for 14 months, I owe ~120k in student loans (~160k in real debt terms), and now they government wants to say I have no good reason to qualify for food stamps because I'm not in a 'critical category of need' (pregnant, have kids, work a minimum of 20 hours a week, go to school for at least 20 hours a week). Oddly enough both of the last categories are ones I've been told made me ineligible as little as 2 years ago for any type of assistance.
@cbtuib2170
@cbtuib2170 5 жыл бұрын
Hi. this was very educative, now i know thank you so much.
@160p2GHz
@160p2GHz 4 жыл бұрын
Do appreciate your plug for trade. It was really under-sold in my generation and is a great way to get a good, well-paying, rewarding career. Even my friends who self-taught business and tech skills have done much better than folks who went for degrees in many cases. You don't start out well sure, but you're climbing the ladder getting EXACTLY the skills your field wants in the years all your friends are in uni, racking up debt. Much better option for like 90% of fields imo.
@ShawnRavenfire
@ShawnRavenfire 8 жыл бұрын
Going to college right out of high school is almost a waste, because most students graduating high school don't really know what they want to do with their lives. Of course, going to college later in life, after you've figured yourself out, is a big risk, because you'll probably have to pay out of pocket, you'll probably have to juggle other responsibilities such as work or family, and a lot of employers are reluctant to hire someone starting a whole new career later in life.
@CliffRoth
@CliffRoth 8 жыл бұрын
+Shawn Ravenfire on the other hand, hiring someone who is more settled down is a less risky proposition as they are more likely to stay.
@ShawnRavenfire
@ShawnRavenfire 8 жыл бұрын
Cliff Roth Possibly.
@TorreFernand
@TorreFernand 8 жыл бұрын
+Shawn Ravenfire I had to "choose what I wanted to do with my life" in 8th grade. By the time I got to college I think I had a pretty good idea. Not perfect, but definitely much better than in 8th grade
@AznPiano999
@AznPiano999 8 жыл бұрын
+Shawn Ravenfire It's a waste because high school don't prepare students to help them to figure out what they want to do in life. College isn't a waste for me as I knew what I wanted to do. The video is right. We need to invest more into primary and secondary education. Other countries have better education in general than we do. Fact.
@Lucy-ng7cw
@Lucy-ng7cw 8 жыл бұрын
why do people in the USA call it collage and not uni?
@MrAudienceMember2662015
@MrAudienceMember2662015 8 жыл бұрын
+Lucy Hunt Because they know how to spell college.
@martinmartinmartinnmartin1380
@martinmartinmartinnmartin1380 8 жыл бұрын
because their language is slightly different ????????
@Mukation
@Mukation 8 жыл бұрын
+Lucy Hunt The term university usually refers to instutions that also focus on scientific research on a larger scale, than "colleges" do and that they are allowed to gives PhDs, which colleges usually aren't. But for the averege studen that are just getting their bachelor or masters degree it makes no difference.
@Lucy-ng7cw
@Lucy-ng7cw 8 жыл бұрын
MartinnMartin I know that obviously, I was just curious about what the specific reason was
@garrywarne1
@garrywarne1 8 жыл бұрын
+Lucy Hunt I believe it's because most of them stay on campus.
@Malegnius
@Malegnius 8 жыл бұрын
Great video, especially since I have one semester left in college, hit home haha. Debt-free though! :)
@microinvestor6191
@microinvestor6191 4 жыл бұрын
I've come to believe there is no mechanical solution to improving the education process. It's a complex social issue at large numbers. At an individual level it seems to come down to a willing student and a wise teacher.
@ajay09123
@ajay09123 8 жыл бұрын
A well structured critique
@durand101
@durand101 8 жыл бұрын
What about the economics of education on a large scale? What about the benefits of a better educated population to deal with increasing automation? Plumbers and electricians are certainly useful and needed but not everyone can be one. This video didn't cover any of that so I hope you will talk about it in a future episode.
@dr.habibnawab5149
@dr.habibnawab5149 6 жыл бұрын
great explanation..
@user-ml9vs1pk8d
@user-ml9vs1pk8d 7 жыл бұрын
Thanks a lot!!! it's cool.
@PSYCHROCKS5
@PSYCHROCKS5 8 жыл бұрын
That AC DC belt is amazing...I need it
@ahouyearno
@ahouyearno 8 жыл бұрын
In Belgium you can go to university for about 2000 euros a year if you play your cards right. - max 900 euros for tuition or 0 euros for low income groups - 150-300 euros for bus or train to university in the neighborhood (there is one within 80km for everyone) - max 500 euros for used books 2000 euros can be earned by students with tax free student work with 1 month of work.
@vestererer
@vestererer 7 жыл бұрын
Thank you for distracting me from my college homework...
@coolidgedollar2154
@coolidgedollar2154 8 жыл бұрын
I want to gather opinions on a model I've been thinking of: What would happen if, instead of for-profit OR gov't-subsidized, universities were entirely donor-funded? I believe they would operate more meritocratically, make their students better off (to warrant their gratitude as alumni), and deliberately cut unnecessary costs, because they could not rely on the taxes of people who have no information about nor convictions for that institution.
@Viljai
@Viljai 8 жыл бұрын
Sitting here in Finland being grateful of my country giving me all education free, even the university
@figarofog9409
@figarofog9409 8 жыл бұрын
I have a lot of college credits, can even get a shitty 50 hour, 10-hour-day factory job.
@King-jy5vt
@King-jy5vt 8 жыл бұрын
do you mean can't?
@Pointlessparodys
@Pointlessparodys 8 жыл бұрын
+A Meister No it means to delay or hold back in terms of progress, development, or accomplishment.
@maxmuller381
@maxmuller381 8 жыл бұрын
+Figaro Fog What'd you get a degree in, the fine arts or philosophy? It's best to not attend college if you get a degree that doesn't equate to an array of job opportunities
@MrKirbinio
@MrKirbinio 8 жыл бұрын
+A Meister :3 aww I feel like sticking a star on your forehead for being soooo smart :3
@King-jy5vt
@King-jy5vt 8 жыл бұрын
+MrKirbinio hmmmm
@IndyThought
@IndyThought 8 жыл бұрын
If anyone wants to see more about education in America (Although it seems to apply in general) check out John Stossel's old 20/20 Special "Stupid in America." It takes a pretty thorough look at the school privatization/competition idea. It was here on KZfaq last time I checked.
@middleclassseabass7178
@middleclassseabass7178 8 жыл бұрын
I would really like to see the income of a college degree when their parent's income is accounted for. In other words, does a college degree still average 40-50k a year for the same demographics as those who don't go to college? I think we have to assume that the really smart people would still make much better money even if they didn't go to college, but they went to college to get even more.
@billiegirl7736
@billiegirl7736 7 жыл бұрын
Im in Australia where we have free education for primary and high school and subsides heavily for higher education, once a upon a time university was free in the 70's to mid 80's then they stop it but was very affordable; although now days (2017) its becoming expensive as the government keeps dropping spending at this level . In Australia you dont generally need to get a uni degree to get a decent job, you can leave high school get a job work your way up without a degree. Many successful people have done this. You can go to TAFE (similar to what american call community college) which is highly regarded education here in Australia. The current government Liberal party (which are not liberal at all they are conservative government) are into pay for yourself government (they dont like our universal health care much but they know it kill their votes to touch it). To fund your university education you apply for Fee help - a government scheme to help you study. once you earn a specific income you have to pay a % of that income back to your education. its a very very cheap loan thats been around along time. The current government has just increase the % you pay back and the minimum when you should. Its also drop their subsidies to universities meaning a degree will cost more money than before. But not like USA and once again we dont need a university degree to get a high paying job in Australia. TAFE has increase massively which has cause a large issue with people wanting to improve their skills - also the government allowed private business to offer "tafe" like courses and give them subsides as well - issues is now many are going broke and there a large number of students lost their money and no qualification. The previous government (Labor Party) introduce a education scheme known as Gonski which was to send fund to school they really needed it. So poor public school that actually needed it not the rich private school that were making a million dollar a year profit. Still see the results of this scheme hopefully it will be beneficial.
@benneedleman5027
@benneedleman5027 8 жыл бұрын
I'm just wondering as to why two things weren't mentioned. The first being that the Federal Government chips in money to public colleges which does account for the rise in college costs. The second thing I'm surprised was not mentioned was the Military option to pay for college.
@DavidWilliamsaz
@DavidWilliamsaz 8 жыл бұрын
I think that it's worth noting that with colleges with fund students and with the k-12 we fund schools. In the US one system is the best in the world and the other one isn't. It's not that hard to determine which one is which. With K-12 we make conclusions that we would never make for our university students. We would never require all students to go to a university based on geography or because it was the closest to their home. We also don't say well you have to go to the public school because if you don't the school will result in a lack of funding that hurts other students, but that is the conclusion we make to k-12 students.
@LibertyJava
@LibertyJava 8 жыл бұрын
by subsidising student loans it has made students less sensitive to price increases of tuition, if it wasn't so easy to get a loan colleges would have to cut costs to remain competitive, if they are private of course.
@williamlennie
@williamlennie 8 жыл бұрын
Hi. Just wondering where you got your data for this episode?
@Sir_BoazMutatayi
@Sir_BoazMutatayi 6 жыл бұрын
I asked a question in a previous Video on why my country was not productive even though thy were meeting the criteria of productivity. I guess I just got my answer now, Education. The more people are educated the more productive they get.
@theenglishclub7301
@theenglishclub7301 5 жыл бұрын
Not just economic but the aspects like health, women empowerment, social equality, reduction in crime rate etc. are also been impacted by developing education which indirectly act as catalyst for economic growth and development, therefore to analyse the benefits of education we need to see the broader perspective.
@progamernot5987
@progamernot5987 8 жыл бұрын
And this is where youtube comes into play as channels like crash course, etc; give free education to ppl who cant go to school. :) U rock utube!!!
@Digunana
@Digunana 6 жыл бұрын
will you provide the references for which data you used?
@witchsistah
@witchsistah 8 жыл бұрын
Yay, Data!
@donjon8142
@donjon8142 8 жыл бұрын
Private school really is an issue. The numbers are just insane, they charge 4-8 times tuition usually.
@kgray6171
@kgray6171 8 жыл бұрын
Hello CrashCourse can you make a video on the ASVB test?
@taschke1221
@taschke1221 8 жыл бұрын
this is truth. I've lived it.
@echoambiance4470
@echoambiance4470 8 жыл бұрын
Having an episode like this but for healthcare would be interesting, i'm really curious about how the hell with a privatized healthcare sector the US manages to spend a larger percentage of their GDP on it, and yet still manage to have lower quality healthcare than most european nations with universal healthcare.
@GauntuM
@GauntuM 8 жыл бұрын
What is a "Real Job"? ( 3:18 ) or what is a fake or unreal job?
@cckidd53
@cckidd53 8 жыл бұрын
workaholics reference?
@ceives
@ceives 8 жыл бұрын
The irony of using a graphic of Eton, one of the most expensive schools in the world, to signify free education in Europe!
@SphankeyPD
@SphankeyPD 8 жыл бұрын
I just realized that Crash Course should cover Media and Communication.
@Myron_The_Wolf
@Myron_The_Wolf 5 жыл бұрын
The reason educators are able to connect college readiness to economics is that economics is literally the study of how resources are distributed throughout society, and the scarcest resource available is time. That is why people say things like "it's never too early to plan for the future" or something like that.
@satellite964
@satellite964 8 жыл бұрын
Don't rule out culture and parents. I've seen children of low income parents who are Asian and Indian do better than children of Black parents who have more wealth than the aforementioned Asian/Indian parents.
@SusanWojcucki
@SusanWojcucki 8 жыл бұрын
Thank you! Everyone wants to pretend that all cultures are the same. But some cultures simply don't value education as much as others; thus, they fall to the bottom in a society where education is objectively valuable.
@TorreFernand
@TorreFernand 8 жыл бұрын
Not everyone can be Carlton Banks
@jackoroni5054
@jackoroni5054 5 жыл бұрын
Not only that, but 50% of your personality is from genetics. So a kid with wealthy parents would be more prickly to succeed partially due to the fact that they just have better genes than the kid who comes from a poor family whose parents dropped out of school.
@radiantblue8001
@radiantblue8001 5 жыл бұрын
My father immigrated from Ethiopia (located in the Horn of Africa) to Canada as an refugee escaping persecution leaving behind family and friends. He's worked multiple minimum wage jobs while attending University full time in Canada. I was luckily born in Canada and my dad always instilled the idea of education and hardwork within me. He continuously reminds me that I'm extremely priveliged and lucky to be able to attend school in Canada with many resources put in place that help ensure students succeed without fear of war/violence. If my father can attend University in Canada after quitting school in his home country to flee war, then I strongly believe anything is possible if you are willing to work for it. Income does not limit your chances of receiving of an education(very few exceptions). As I'm an African Canadian who's near middle class I have often done better than Asians in my classes who are wealthier than I. Simply because I study for longer periods of time than my other classmates do. My hardworking mother also attended college likewise to my father and is also my motivation for working hard in school. Education is essential for the advancement of human kind and is the sole reason I yurn to give back to my community. (For further context I'm currently in Grade 11)
@patrickgpking
@patrickgpking 7 жыл бұрын
More citations! As in any, and then more.
@jordanleeadams
@jordanleeadams 8 жыл бұрын
I am suprised you didnt bring in any of the lessons from your market failures video to examine what could be driving up the costs. Are the correct incentives in place to drive affordability in higher education?
@monsouranda2822
@monsouranda2822 8 жыл бұрын
Can i ask a question anyone?Did they already make a episode that tell how stock exchange works? Thank you
@fununclenerfs
@fununclenerfs 8 жыл бұрын
So weird that this episode comes out same day as College Humor's "Don't pay your Student Loans" video
@makisjnx007
@makisjnx007 8 жыл бұрын
I know this may sound dumb but I would like to hear about what is happening with the emergent currencies right now around the world specially the MXN peso
@chatnoir1224
@chatnoir1224 8 жыл бұрын
Pay for education? What a non-sence! What's next? Pay for healthcare?
@leion247
@leion247 8 жыл бұрын
+chatnoir1224 yes
@XWizzerX
@XWizzerX 8 жыл бұрын
lol :P
@leion247
@leion247 8 жыл бұрын
yes
@Wingo537
@Wingo537 8 жыл бұрын
Fuck that, we should be using that money to start another war
@starrychloe
@starrychloe 8 жыл бұрын
+chatnoir1224 - Yeah, who needs competition and innovation?
@starbury64
@starbury64 8 жыл бұрын
Great video. I wish others could see the economic, social and psychological benefits of education. Despite the recession, I still believe that it is a sound investment for an individual's future.
@ALADDIN22091978
@ALADDIN22091978 7 жыл бұрын
The cost of tuition fees is variable in the European Union. I think it maybe that the current tuition fees in the UK - England are as high as the USA, It is currently around £9000/year (around $11000/year). I think the cap has been lifted. It has been rising at a faster pace than any other country in the Western World. I think the returns on the US degrees are higher than in England. In England, most of the good jobs are in London, a very expensive city, outside London there is much less. In the USA, there is San Francisco, Los Angeles, New York City etc. I have reservations about the USA, I think it is a very tough country. I think lots of graduates struggle to great jobs, to pay off their debts !!!
@josephgreer8819
@josephgreer8819 8 жыл бұрын
Awesome that the University of Texas was used in this video. Hook'em!
@allamrushdi5957
@allamrushdi5957 8 жыл бұрын
Next video: education of economics
@nullyberd
@nullyberd 8 жыл бұрын
i can't believe i just saw a workaholics reference in a crash course video
@The112Windows
@The112Windows 8 жыл бұрын
Wait do they show these in schools?
@jacobdrj101
@jacobdrj101 8 жыл бұрын
@Johny Bänger harder, maybe, but it will still happen. Check out the video from cpgrey.
@160p2GHz
@160p2GHz 4 жыл бұрын
COLLEGES NOW EMPLOY MORE ADMINISTRATORS AND PAY THEM A WHOLE BUNCH OF MONEY I just want to point that one out to the audience. It's way more key than you're thinking. If you're at a public uni you can look up the pay of any uni employee online, it's public record. Look at who your highest paid are (coaches and admin usually). Look how much they are paid. You're paying for that. And that's just at a public uni.
@anjanitripathi4447
@anjanitripathi4447 6 жыл бұрын
can u make videos on economics of education
@TalhaBedir
@TalhaBedir 8 жыл бұрын
u should also make "education of economics"
@SethWatersVlogs
@SethWatersVlogs 8 жыл бұрын
Thank you for pointing out the issue of unequal early childhood and primary education. Considering that there are 144,000 school districts in the US, each with a different amount of per student spending, it is ridiculous to believe that any two students have the same experience. Never mind the ongoing racial segregation that happens in NYC, Chicago, New Jersey, and many other Northern urban areas. We cannot expect the issues of gentrification and violence in minority communities to go away until we integrate schools and stop unequal federal government educational subsidies. The fact that educational subsidies not only go to the poorest districts, but also go to the richest does not close the achievement gap, it simply shifts the threshhold. We need to make per student spending equitable to every district if we expect the world to get better.
@GregTom2
@GregTom2 8 жыл бұрын
From an individual perspective, is higher education worth it working with this hypothesis: - The student may get university education (H1) or go straight to school (H0). - If he goes to university, his course choice is unknown. He may pass university, and have the average salary for someone who passed university, or he may try university, and fail, resulting in the average salary of those who have 7 semesters of university credits, but no diploma. - He can also decide to start working straight after school. Working on the hypothesis that the student is smart enough to be capable of going to university, he/she will work at the same salary as those who have university credits, but no diploma. (basically, we work on the assumption that this is one student making the choice, and that the human capital will not change. He can self-teach using wikipedia and crash course on his free time. The only difference will be the signaling). - The student receives a grant equal to the average grant obtained by a student. - The student will work a 35 year carreer if he goes to university, but 40 years if he doesn't. - The student will spend y% of his carrer unemployed if he goes to university, and yy% of his carrer unemployed if he doesn't, corresponding to the unemployment rates for each category. - The probability that the student eventually finishes his studies is average. "Only a little over half % chance he finishes it within 6 years, and X% chance he never actually finishes". - The student is estimated to never get raises other than ajustement for inflation, but to start working at the average salary in the first place. - Factor in predictable interest rates on the loan, as well as inflation, and say that the stuent worsk a frugal lifestyle and puts all his extra revenue to pay back his debt or put money on the side in a portfolio that improves at a normal rate (morgage payment?). At the end of his carreer, considering the probability for university failure, does H1>H0? And you mentionned that wether or not university is profitable depends on the area you study in. Which ones are the top 10 most profitable, and which ones are the top 10 least profitable? And! Hm. What's the gender ratio in this winning / losing classes. And for the losing classes, is it even fair for universities to offer them? That's literally a cash grab, no?
@GregTom2
@GregTom2 8 жыл бұрын
+GregTom2 And why do I need to ask for this on a youtube comment. This should be published on every university's website for the public to see.
@chloebryan966
@chloebryan966 8 жыл бұрын
I want to see the source for these statistics pleaseeeee.
@mhizadi3785
@mhizadi3785 8 жыл бұрын
can you make a video about discovery and story of insulin
@GeterPoldstein
@GeterPoldstein 8 жыл бұрын
2:58 Grammar nitpick! (Each... has) Carry on!
@NsMs96
@NsMs96 8 жыл бұрын
Here in Sweden average student debt after a bachelor is lower than yours is in the US, but compared to the average wage you get it's actually slightly higher. Obviously the education is free but living costs are much higher, especially if you want to live somewhat close to the university, which you'd have to since theres no way in hell you could afford a car. The cost for my education is in the 25% VAT I pay for everything and the income tax I pay in the summers now and I will pay for the rest of my life. Sure, the cost will progrssively spread out on the population so the rich will pay a bigger share, but that also means that working people with lower education will pay for my higher education as well. We don't just tax the rich here, everyone has about a third of their salaries taken away in payroll, at least a third of the remaining money taken away in income tax and then all prices are increased by 25% through VAT. I'm not complaining about my "free" education at all, I'm not trying to make a political argument but rather to point out the fact that nothing is free and whatever you finance through taxes eventually will cost everyone money, not just the rich.
@MoleDownunder
@MoleDownunder 8 жыл бұрын
How does that show human capital theory is valid? Even you had said that it takes a certain amount of intelligence and hard work to even get into college. The reason they earn more is because they are smarter.
@sonicpsycho13
@sonicpsycho13 8 жыл бұрын
As someone with a Master's in Aerospace Engineering and BS in Mechanical Engineering, I have found going to college to be a complete waste of time and money. No companies want to hire college graduates, and having 3 years of intern and fellowship experience while in school counts as exact 0 years of experience to the HR departments. Everyone requires a minimum of 5 years of experience for their entry level positions.
@gmarefan
@gmarefan 4 жыл бұрын
Competition would be a good motivator, primary secondary needs complete program overhaul and move to the next level. Average teacher on a higher level is equal to the best teachers on the lower level. Better to move to the next level rather than try to perfect all the teachers.
@jasonpatrickries
@jasonpatrickries 5 жыл бұрын
But is the college wage premium corrected for the $1.5 trillion in educational debt repayment obligations?
@lauren3062
@lauren3062 8 жыл бұрын
For profit colleges are so terrible you can rack up like $20,000 in debt and end up working a job that barely earns more than minimum wage. Best way to save money if you want to go to a four year college is to pay in state tuition at a campus near you.
@TheAfc93r
@TheAfc93r 4 жыл бұрын
Most Economists i have read about were well educated and had rich families.
@mkb6418
@mkb6418 8 жыл бұрын
So much money means that education is expesive. However, the nature of education as good is such that will always be expensive.
@TheAfc93r
@TheAfc93r 4 жыл бұрын
Question... If the demand for college is high then why is the cost high as well?
@momergil
@momergil 8 жыл бұрын
I didn't get that Human Capital vs. SIgnaling theories trying to explain why high graduated people earn more; isn't that just supposed to be the old offer vs. demand? I mean, someone could have a ton of education (human capital) a a ton of degree certificates but if he is specialized in something that the market doesn't want, "boom" for this salary (like nuclear physicists expert in the middle of australians aboriginals)
@naudious4416
@naudious4416 8 жыл бұрын
They explain that college prices are going up due to expansion of the college system. They don't bother to ask why that expansion of the college system has happened. Asking WHY? is a pivotal part of solving a problem, and the answer to 'why?' is quite clear. The implementation of cheap credit for college students has made college more accessible to more people; and this in turn has led to expansion of the college system because it is able to expand (and charge more money) with much fewer people then choosing alternatives. i.e. Cheap Credit Loans have shifted the Demand Curve for college to the right, hence a rise in price,. Cheap Credit Loans create the illusion of massively increased incomes. The problem is, of course, that incomes have not actually increased, and it is actually untenable debt. A terrible trade-off when any knowledge available in Higher Education is available for free on Wikipedia, and you really just need verification of having learned the material; not a constantly expanding Educational Country Club. But screw Economic Considerations, make College Free. #FeeltheBern
@undefinedvariable8085
@undefinedvariable8085 4 жыл бұрын
1:14 Detroit: Become Stock Photo Human
@ALBANIAN4FREDOM
@ALBANIAN4FREDOM 7 жыл бұрын
When it come to managerial job position, lots of companies are hiring uneducated employees because they don't want to pay the educated one,
@saltywaters5
@saltywaters5 4 жыл бұрын
total off subject, but what kind of plant is that behind the desk that Adriene is sitting at? It's so pretty! Also nice pic of the UT Austin campus in this video, my alma.
@PathfinderHistoryTravel
@PathfinderHistoryTravel 6 жыл бұрын
Well done. Most journalists are uninformed about tuition discounting. Their failure to do their homework misleads people into believing higher education is more expensive than it actually is.
@treymedley
@treymedley 8 жыл бұрын
A few factors neglected in this conversation that should have been brought out. 1) The single biggest reason for tuition increases is the reduction in federal and, even moreso, state funding of colleges and universities. Also 2) Community college is not only for trades. I suspect it is the same in most states, but I can only speak authoritatively about Texas. In Texas, the Texas Common Core Course Transfer Law requires that public colleges and universities (Texas A&M, University of Texas, and many, many others) are required to take courses on the Common Core (which they have have to publicly advertise) from any other public college or university. Meaning: students can take those courses at a community college. 3) Community college students who stay enrolled past the first semester have a higher rate of success in completing a Bachelor's degrees than similarly situated students (adjusting for socio-economic status and other factors) who begin at 4-year institutions, often at a discount (in TX a local community college is usually around 1/5 the cost of a 4-year state school). Translation: Community Colleges are absolutely for "trades" or "workforce" degrees, but they are also accessible and affordable entry points into professional type degrees (e.g. traditional "white collar" focused careers).
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