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This paper would examine the roles that education played in current societies in determining one’s economic returns in the society, and the cause of the trend. When the world is experiencing rapid technological and social development, the role of education was continued to rise that it started to impact one’s economic return and social expectations and status. In estimating the different social changes resulted in the impacts, the paper could inform the economic returns between people with different level of education background. This paper would further explained how possessing higher education background could resulted in differences incomes and expectation from the society, and explained the causes of the pattern in the society corresponded to technological development and available of education for most of the people in the world, and aimed to drew the importance of having higher education importance in determining one’s socio-economic status that helped people recognized the importance of educations in the society and helped make decisions on their life upon education. |
