Economiccs Essay Example | Topics and Well Written Essays - 250 words

Economiccs - Essay Example This means that if resources will be allocated to take care of the young children from disadvantaged environments, the benefits will not only be for the children but for the whole society as well. This can be analyzed through data about the education and the human skills as major factors to determine productivity. Education as a public good when made available to all children can decrease the inequity in the society as it reduces academic and societal difficulties in the future. And through education, skills could be acquired. These skills could help achieve productivity both in the workplace and in the society. Children who were able to go to school will learn and acquire skills that they can use for jobs in the future. In the long run, unemployment and problems brought by it like crimes can be reduced. This is because returns of such investments cannot be realized directly during the present time. The changing trends in the labor markets can also contribute to the inefficiencies th at are present in the economy. The emergence of new technologies has raised the demand for highly skilled workers who are qualified to use them (Heckman and Masterov, 7).