Question

How can education contribute toward the growth of society? explain in three points?

Answer 1

Increased Employment and Earning
Employers in a society are impacted by supply and demand of qualified workers. Higher overall education levels mean more qualified workers compete for positions, and employers can put more talented people in key roles. Better organizational performance leads to stable employment and income that flows back into the community.

Increased Earning Potential
Also notable, as individual education increases, so does each person's earning potential. As each person's earning potential increases, so does the amount of money flowing into the community. Getting a higher degree doesn't guarantee a higher income but research shows a direct correlation between degree attainment and the amount of money people earn. For example, someone who doesn't graduate from high school may earn an average of about $475 per week while a high school graduate averages weekly pay closer to $650. Weekly pay for those with a college degree might average $775 with a two-year degree, $1,100 with a four-year degree and up to $1,700 or more with a post-graduate degree.

Improved Health
People with higher levels of education tend to get jobs with better health benefit plans. Access to affordable healthcare makes it feasible for people to get help with illness and disease, which contributes to mitigating the potential for community outbreaks. Educated parents are more likely to vaccinate their children. They're also better able to feed their children, which reduces the disease and growth problems associated with undernourishment. Additionally, children born to mothers who can read have a 50 percent greater chance of living past their fifth birthdays, and mothers who have completed their primary education are at 66 percent less risk of maternal death.

Improved Economic Stability
A stable economy benefits society. When a country's educational system is doing well, its economy is almost always sure to follow. For example, as individual earning potential increases and more money is being put back into the community, home prices often stabilize. A stable business system is another economic benefit.