"School dropouts are giving way to child labour". Discuss how this a loss to human capital.
"School dropouts are giving way to child labour". Discuss how this a loss to human capital.
Primary education causes an increase of 40% in labour productivity, secondary education 10% and higher education 300%. This observation quite rightly highlights the importance of education in labour productivity. As children drop out from the school, they are forced to take up small and menial jobs and work as labourers at construction sites, factories, etc.
This is definitely a loss to human capital. If these children were allowed to complete their education, they would have attained enough education t become skilled workers with higher income earning capacities. Their productivity would have been more and they would have contributed to human capital formation. So, school dropouts are definitely a loss to human capital.
Primary education causes an increase of 40% in labour productivity, secondary education 10% and higher education 300%. This observation quite rightly highlights the importance of education in labour productivity. As children drop out from the school, they are forced to take up small and menial jobs and work as labourers at construction sites, factories, etc.
This is definitely a loss to human capital. If these children were allowed to complete their education, they would have attained enough education t become skilled workers with higher income earning capacities. Their productivity would have been more and they would have contributed to human capital formation. So, school dropouts are definitely a loss to human capital.
