"It's absolutely true that school makes people show up, sit down, shut up and that these are useful skills for people to have in adulthood, " says Bryan Caplan, a professor of economics at George Mason University who blogs at EconLog and is the author of the new book The Case Against Education: Why the Education System Is a Waste of Time and Money. "So the real question is if all we're trying to do is prepare people for a job, why not prepare them with a job?"
Caplan argues that schools are not only overpriced, but that traditional education fails to prepare students with job skills that reflect the needs of the labor market.
Reason's Nick Gillespie sat down with Caplan to make the case that the government needs to spend so much on education if it isn't relevant to our success in getting a job and earning higher wages.
Reason is a proud media partner of National School Choice Week, an annual event promoting the ability of parents and students to have greater options in K-12 education. Go here [http://schoolchoiceweek.com] to get more information about events and data about how increasing school choice--charters, vouchers, educational savings accounts, and more—is one of the best ways to improve education for all Americans. For a constantly updated list of stories on education, go to Reason's archive page on "school choice".
Interview by Nick Gillespie. Edited by Alexis Garcia. Camera by Meredith Bragg and Mark McDaniel.
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This is a rush transcript. Check all quotes against the audio for accuracy.
Nick Gillespie: I'm Nick Gillespie for Reason and today we are talking with the author of what is almost certainly going to be the most controversial book of the year. Bryan Caplan is an economics professor at George Mason University, and his new book is The Case Against Education. Bryan, thanks for talking with Reason.
Bryan Caplan: Thanks for such an exciting introduction.
Gillespie: Well, let's get right to it. Early on you say flatly, you write flatly, 'This book argues that our education system is a big waste of time and money.' And now you're not simply saying that our schools are overpriced and uneven in quality, you are actually making the case that much of our traditional education system, especially higher ed, is literally a waste of time, right?
Gillespie: What do you mean by that?
Caplan: What I mean is that people are going there to get a higher income, but they're actually not getting much in the way of job skills, which raises a big puzzle for an economist. How can they be getting a higher income if they're not getting much in the way of job skills? And my answer comes down to something called the signaling model of education that says that a lot of the reason why education pays isn't that you learn useful skills, but that you distinguish yourself. That you're getting stamped or labeled. You're getting a sticker on your forehead, Grade A worker.