Critical Analysis Why Education Is Not An Economic Panacea

Critical Analysis: â€Å"Why Education Is Not an Economic Panacea† â€Å"The advice we would offer every halfway intelligent young person with a pulse—go to college—is not, I argue, counsel we can offer a whole generation of young people† (Marsh p.6). John Marsh explores in his article â€Å"Why Education Is Not an Economic Panacea† the correlation between income inequality and lack of higher education. In doing so he finds that education alone may not be a cure all for the problems faced by many low income families. Marsh shares what he had learned through his experience teaching impoverished students and how it is wrong to assume that education will positively effect someones financial outcomes. Marsh intends to open peoples minds to addressing problems such as poverty that may be the reason for a lack of education rather than assuming that deficiencies in education are to blame for the problem. I believe that what Marsh is advocating is a â€Å" living wage† for people in jobs that do not require a degree and he thinks that doing so will solve the problems of economic inequality and poverty (Marsh p.6). Is it wrong to think that increasing wages for unskilled labor or non professional jobs will solve these problems? In recent years it seems it seems there has been a lot of public discussion regarding living wages. This seems like an interesting idea but maybe it’s not very well thought out, how is it accomplished? Who determines what the wages will be? 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