Education And Inequality

Education, Markets and Inequalities

Introduction: Education plays a major role in access to economic liberation and social mobility therefore for many from the disadvantaged communities it is the only route to move up the economic ladder. Various studies has shown that economic inequalities are a common phenomenon in multicultural societies and these inequalities are prevalent often due to the varying abilities of individuals from different social classes to seize market opportunities either due to discrimination or market constraints that restrict social mobility and this leads to intergenerational persistence of poverty which have a serious impact on the development process. The question that arises is can Education Bridge the gap of inequality?

Therefore to enhance the understanding on the cause of market inequalities that enhanced since the economic reform a look at the following research article gave insights

In the paper “ Making it in India “Examining Social Mobility in 3 walks of Life by Anirudh Krishnan gives an insight into how raising economic growth has increased inequalities and there is a need to understand social mobility as inequalities in the ratio of wage distribution has increased since the 90’s leading to a large gap in wealth distribution and one of the main reasons for

It also compared the increase in professional between 1990 and 2005 showing a rise in professional in the It sector due to the global market and compared how skill played a role in separating highly skilled workers from the less skilled workers thereby widening the gaps of income and showed that just attaining a primary education was not enough to enhance ones earnings and the only way for better economic attainment was a college degree because in contemporary India the only way to gain entry into the dynamic sector of education was acquiring a degree as it was one of the significant way to upward mobility and economic liberty therefor it is important to understand what it takes to get into the most sort after course in elite colleges . Hence the crucial question that needs to be looked at is how can a student from disadvantaged background gain entry into higher education and high paying jobs to answer this question one needs to understand the concepts of social mobility and the research in this field is still at a nascent stage in India hence we cannot really answer this at this point in time though research in this field has been conducted in the west for a long period of time the transmission of economic success across generation is still not understood though there exist a strong correlation of the parents and child’s socioeconomic conditions . It is seen that education can help bring about social mobility but the effects are