Economics of Education Debbie Bacalso Assignment

Economics of Education
Why education is very important? Why do government is spending huge money in education?
This question will be answered as you continue reading with my critical analysis about the video.
The government is spending huge money in education. Free tuition fees, scholarship like the ,
DOST scholars, the subsidies for the poor families like 4PS and IPS. They do this because they
want that all children can go to schools, finish their studies, and got a high paid job in the future.
The government is extending their hands to the poor families through subsidies like 4PS to let
their children finish their studies in elementary, secondary and tertiary. The government do this
because they know how education is important in changing the life of a person, in changing and
improving the quality of living and in changing and improving the economic status of our
country. If all the citizens are educated and finish their college they will surely got a high paid
job and the society will surely benefit from them.
But despites of the government’s effort, we are still in a low economic status country. Why? It is
because Filipino’s did not value the efforts of the government. They are always complaining and
put the mistakes to the government why they are poor. An example is the families who are
beneficiaries of 4PS and IPS, they rely on the monthly allowance coming from the government.
Before they are industrious farmers, every market day they bring down their harvest vegetable’s,
fruits and root crops to the market to sell, but when this 4PS come these farmers become lazy.
We can see them at the streets drinking alcohol, the ladies are in the streets, gossiping, and
gambling, having a long lists of credits to the sari-sari store and promise to pay when the 4PS
allowance come. Sometimes I am thinking that government teaching the poor family to be lazy
because of these subsidies. My suggestion to the government, instead of money giving to these
families why giving them the need of the students like, school uniforms, school supplies,
groceries like milk and other personal hygiene need by the students, and 1 sack of rice every
month. In this way the children will surely benefit from these subsidies because if money is
being given to their parents this money will go on the vices of their parents. Like also the TES in
college students, instead of 20k why giving them the gadgets they need in studying like laptops,
printer and cellphones that they can use in learning. They do not know if these scholars are using
the money in their studies because some are using it in their vices. Such huge of money spending
by the government for education is wasted because of not using it properly.
Second is the competition when it come in applying for a job. Some employer are checking if
you graduate from a top schools like UP, La Salle, Ateneo, and UST. Of course all of us want to
graduate in this schools but the problem is money, we do not have lot of money study in this
school because the do not go under the free tuition fee like in public university schools.
Sometimes employers did not recognized universities in the province without knowing that some
students from these universities has a lot of potential and can be an asset to their company. This
cause unemployment to the graduates. Unemployment of the degree holder especially the
teachers and other degree holder courses. Lot of teachers are unemployed aside from School
backgrounds is because of the “Padrino system” where one gains favor or political appointment
through nepotism and cronyism, which is commonly an issue here in the Philippines. No matter
how high is your rating in LET and top 1 in ranking if your co-applicant has a backer, he/she will
surely got hired rather than you. This case is always a problem here in the Philippines. There’s
always a saying “Pag malapit sa sandok yun Ang mahahire”. It’s funny but true. All of your
efforts,expenses, and hardworks just to get the job is useless because of this. This a common
scenario in the province. The government is having a problem about the shortage of teachers
because teachers go abroad to seek for a job to got high compensation. Not only the teachers but
also nurses, engineers, doctors and architect. The government should put a focus on the
employment of the graduate students not only on the scholarships and free tuitions because the
finish product should be monitor also to reach their goal of a quality life for every citizens and to
gain profit for the huge money that they spend on education.

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