education

Should university education be free?

Should university education be free?

Summary Education has positive benefits for the rest of society. If university education is left to market forces, there may be under-provision, and the economy may suffer from lack of skilled graduates. Furthermore, in a free market, higher education would become the preserve of wealthy families who can afford to send their children to university. Therefore there is a strong case for the government providing higher education free at the point of use. However,…

Is the younger generation worse off than their parents?

Is the younger generation worse off than their parents?

Readers Questions: is this the worse time to be a young adult in the UK? I will answer this question primarily from the economic point of view. The first thought that springs to mind is that if you look at the long history of the UK, this is probably a good time to be young in the UK. Median incomes are close to an all time high (even despite the fall since since the 2008 crisis), educational opportunities are arguably better than before (even if more…

placeholder

How to create equal opportunities

Readers Question: How can we make sure children have equal opportunities? Equal opportunities means that all young people have a fair chance to succeed in life. Equal opportunities means that wherever you are born in society, you would still have a good chance to reach any job, profession or position in society. It should mean that children born in privileged sections of society shouldn’t have an unfair advantage, which enables them to gain better jobs and lifestyle. To some extent a government can promote equal opportunities through providing universal access…