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Key insights from
The Case against Education: Why the
Education System Is a Waste of Time and Money
By
Bryan Caplan
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What you’ll learn
Economist Bryan Caplan boldly argues that benefits of
education in its current form are tremendously overrated. Considering the
money spent and the grueling hours that students are subjected to, very
little prepares them for the actual workplace nor are there benefits to our
broader society.
Read on for key insights from The Case against Education.
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1. Very little of
what students learn in school will ever be used on the job.
Education is a tremendous waste of time, energy, and
resources. We have way too much of it. Very little of it can be
meaningfully integrated into life after graduation. Reading, writing, and
arithmetic are obviously very useful, as are computer science programs and
metal and wood shop classes that a few high schools offer. In college, too,
there are practical majors that prepare students for workforce experiences,
like premed and engineering. But consider, if you will, all the foreign
language classes, world literature courses, the music theory electives
people are required or elect to take: they prove useful to the few who
become linguists, classicists, or musicians, but what about for the
rest? How much of what you’ve learned have you actually put to use in your
life?
By and large thousands of hours are wasted teaching students
information that they would not use even if they remembered it after exam
week. They don’t get students ready for the real world. Most university
courses and programs do very little to incorporate job skills.
Some might argue that education is intended to have a
humanizing effect. Some are transformed and enriched, to be sure, but
that’s not enough. The “broaden their horizons” argument would be more
persuasive if more students were open to their horizons being broadened.
The fact of the matter is that very few actually come away from education
with a love for high culture, the humanities, and learning for its own
sake. Even if a course is interesting, just about everyone thinks in terms
of getting good exam grades so that they can get high-paying jobs.
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2. Most teachers
are people who have never left school; so how can they prepare students for
the “real world”?
On the whole, education pays. Post-graduates earn more
than college graduates, who earn more than high school graduates, who earn
more than high school dropouts. This is clearly the case. Employers prefer
to hire individuals with education. It conveys dependability and skills.
This is a curious preference because the majority of time in grade school
(and college) is devoted to learning (and then promptly forgetting)
material that bears little relevance to the labor market.
Teachers themselves aren’t prepared for the real world
outside of the realm of teaching. So why on earth are these people (the
author includes himself) entrusted with equipping the next generation with
marketable skills? How will students learn these skills for jobs that
educators would not be qualified to hold? The gulf between skills
learned in education and skills learned on the job is expansive, and there
are no indications that it is being bridged.
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3. Signaling is
the explanation for the gap between education and job skills.
Given this remarkable gap, it is puzzling that there is such
a strong link between high GPA and stellar careers. It seems almost
magical. What explains this? The most satisfactory answer is
signaling.
Even if the content of a Ph.D. in philosophy from an Ivy
League is utterly unrelated to the job at hand, the degree signals certain
traits about an individual and her productivity. People get hired for
presenting proof that they studied material longer than others.
We send all sorts of signals at interviews: a clean-shaven
face, a professional blouse or suit, a positive countenance, and
appropriate eye-contact all send signals. You can get all those signals
right, but lacking certain educational credentials sends a powerful signal
that does not sit well with most employers—even if the skills learned in
school have no overlap with the skills needed for the job. No skills
relevant to the job? Sure, but you went to Princeton, so you’re hired!
Signaling theory has been developed by world-class
economists, some of whom have received Nobel prizes for their work. Yet
signaling theory is largely missing in education literature, even though it
exposes the incompatible marriage between education and market.
Arnold King rightly quipped that education is “the only good
that the consumer tries to get as little out of as possible.”
Believe it or not, you can get the best education in the
world for free if you so wish. You might attend a university like Princeton
and sit in on lectures. It is unlikely that anyone would stop you.
Professors would assume some bureaucratic oversight and go ahead with their
lecture. If you asked, most professors would be fine with it, and probably
elated that someone would come to their lectures out of interest rather
than fulfilling degree requirements. If you did this for four years, you’d
have an education, but no degree. You’d be Princeton-educated, but have no
piece of paper to prove it.
What’s the preferable position: the student who obtained a
covert education but no diploma, or a student with a diploma who’s
forgotten the majority of what they learned? The human capital purist, who
insists that education’s purpose is to provide skills essential to the
labor market would answer that the covert education is preferable. Most
Americans are purists by conditioning—even if they’re not familiar with the
term. But anyone, in a moment of honesty, would recognize that this view is
patently false: No matter how much education a person retained, it is the
Princeton grad—not the eager undercover learner who will get the job.
Signaling is the best explanation.
There are failing students and forgetful students. Neither
has managed to retain course material, but the latter group fares far
better in the job hunt.
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4. The inflated
power of the diploma doesn’t benefit society.
Okay, so education doesn’t actually do what it’s supposed
to, as far as cultivating labor-relevant skills. So it’s more about
signaling than skills. So what?
If you’re only looking out for yourself, then this
discussion doesn’t matter. Who cares if the current education system is
creating a bigger pie or redistributing the pieces as long as you get a
hefty slice? It begins to matter if you consider the matter from a societal
perspective.
To understand the problem, consider a concert: if one person
stands up for a better view, she will certainly benefit, but that doesn’t
mean that everyone else will benefit if everyone stands
up. This is called the fallacy of composition, the mistaken assumption that
what is true for the part must also be true for the whole. Education
benefits the individual, but fails to benefit countries. The
post-graduation life may bring in more money for the individuals who can
show diplomas, but that education does not to bring any substantive benefit
to society.
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5. The social
returns on education are not nearly as grand as the propaganda suggests.
There is not a single government on earth where a politician
would advocate for cuts to education—at least a politician who wants to be
elected. The pro-education ideology is so pervasive that no one questions
the rhetoric. Press someone on the street to expound on why increasing
education spending is important (seventy-four percent of Americans think it
is), and they will fall back on conditioned responses that are emotionally
forceful but logically deficient—clichés such as investing in our children,
our nation and future, or simply stating that there’s nothing of greater
importance.
The elephant in the room is that the oft-praised social
returns on education are negligible. The most thorough investigations
estimate the return is somewhere between slightly below market value to far
below market value. In other words, for all the money invested in
education, there’s not much to show for it. The returns are subpar not only
from a financial perspective, but by more holistic metrics. Education’s
impact on crime reduction is overestimated, as is its impact on voter
turnout—to say nothing about more substantive political involvement.
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6. There’s so much
waste in the education industry, and everyone’s afraid to say it.
The blessings of education are widely championed, but
results don’t live up to the propaganda. Education should not be increased
but decreased—drastically. The class clown’s intuition that he’ll never use
his education in the real world is actually dead-on. It’s a common
experience that education feels unlinked to the real world.
Anyone who reflects honestly on his or her grade school
experience will agree. Not only does the research confirm the uselessness
of education system, but so does common sense. The Sesame Street “school is
fun’ hype has never been lived up to, but we hear about the societal
benefits of school so frequently that most assume it’s the case. But if
it’s so demonstrably false, why are so few speaking up against it? Societal
Desirability Bias is the culprit: We are afraid of being viewed as
retrogressive and socially deviant, so we don’t voice opinions that go against
the social grain.
Education spending has outpaced military spending since
1972—almost half a century ago. The most important step toward redressing
education issues is to drastically slash the trillion-dollar education
industry. We’re fueling a useless system. Put the onus on parents and
students to pay for education instead of the taxpayer. This will save years
in the lives of students, and free them to do meaningful things more
connected to the real world and relevant to the labor market. This won’t
detract from their skill levels, but it will help deflate education
credentials. Will this extreme austerity likely come about? No. Political
institutions run on Social Desirability Bias. Policies aren’t approved
because they actually work, but because they sound like nice ideas that the
general public will like.
This is not a case for better education but less of it.
Education needs to become less about how to get a good job and more about
how to do a good job. This is part of the reason that a degree means far
less than it did in the 1950s, when only thirty-three percent of men earned
high school diplomas. When everyone has a degree, it doesn’t mean much
anymore.
We need to be adult enough to admit we’re making childish
mistakes in how we conceive of and run education.
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Endnotes
These insights are
just an introduction. If you're ready to dive deeper, pick up a copy of The Case
Against Education here. And since we get a commission on
every sale, your purchase will help keep this newsletter free.
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