jerryking + varsity_blues   2

Stop fighting over scarce educational opportunities
March 26, 2019 | Financial Times | by Sarah O’Connor
Alexandria Ocasio-Cortez, US Democratic congresswoman, believes there is a shortage of routes available to children who want a better future.

Ms Ocasio-Cortez put her finger on a phenomenon that is showing up in many different guises as economic growth has slowed in the developed world. When the pie stops growing, the fights become fiercer and dirtier over how to divide it. One of the areas where this is playing out most emotively is education — an issue critical to the life chances of our children.

As developed countries grew steadily richer over much of the 20th century and educational opportunities expanded, absolute social mobility — the likelihood that children would do better than their parents — was commonplace.

There was never a perfect meritocracy, of course. Elites have always used their wealth and connections to put a “glass floor” under their children’s feet. But that seemed to matter less when it was easy enough for others to join them.

Now, in a world of stalling growth and yawning gaps between the top and the bottom, the chances of making it into the elite feel slimmer, even as the economic rewards for doing so grow fatter. At the same time, the economic penalties for not securing a decent education have become harsher....The underlying problem, as Ms Ocasio-Cortez points out, is the scarcity of routes available to young people who want a better future.

There is no single solution, but the list of fixes would include better state schools, more affordable higher education that is less variable in quality, a broader range of alternatives to university that still lead to decent jobs, and a revival of broad-based economic growth that lifts all boats, not just the yachts.

That may sound like an expensive laundry list, but inaction would cost more in the end.
Alexandria_Ocasio-Cortez  children  college-educated  cost_of_inaction  education  elitism  income_inequality  scarcity  Varsity_Blues 
march 2019 by jerryking

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