To increase individual productivity

To promote social equality

To generate economic growth

To reduce unemployment

Human Capital Theory

Signaling Theory

Screening Theory

Efficiency Wage Theory

To demonstrate an individual's ability and potential to employers

To increase an individual's job satisfaction

To reduce the risk of unemployment

To improve an individual's social status

Education and training help employers identify qualified candidates

Education and training reduce the cost of hiring for employers

Education and training increase employee motivation and job satisfaction

Education and training promote social equality in the workplace

Educated and trained workers are more productive, leading to higher profits for firms

Educated and trained workers are more likely to be satisfied with their jobs, reducing turnover costs for firms

Educated and trained workers are less likely to engage in shirking or other forms of workplace misconduct

Educated and trained workers are more likely to be promoted to higher-paying positions

The difficulty in isolating the impact of education and training from other factors affecting earnings

The lack of reliable data on earnings and education levels

The high cost of conducting studies on the economic benefits of education and training

The ethical concerns associated with using earnings as a measure of success

Increased earnings

Improved job satisfaction

Enhanced social status

Reduced risk of unemployment

Reduced crime rates

Improved public health

Increased social mobility

Enhanced civic engagement

Education and training increase an individual's stock of human capital, leading to higher earnings

Education and training reduce the risk of unemployment

Education and training improve an individual's job satisfaction

Education and training promote social equality

Education and training act as signals to employers about an individual's ability and potential

Education and training reduce the cost of hiring for employers

Education and training increase employee motivation and job satisfaction

Education and training promote social equality in the workplace

Education and training help employers identify qualified candidates

Education and training reduce the cost of hiring for employers

Education and training increase employee motivation and job satisfaction

Education and training promote social equality in the workplace

Educated and trained workers are more productive, leading to higher profits for firms

Educated and trained workers are more likely to be satisfied with their jobs, reducing turnover costs for firms

Educated and trained workers are less likely to engage in shirking or other forms of workplace misconduct

Educated and trained workers are more likely to be promoted to higher-paying positions

The difficulty in isolating the impact of education and training from other factors affecting earnings

The lack of reliable data on earnings and education levels

The high cost of conducting studies on the economic benefits of education and training

The ethical concerns associated with using earnings as a measure of success

Increased earnings

Improved job satisfaction

Enhanced social status

Reduced risk of unemployment

Reduced crime rates

Improved public health

Increased social mobility

Enhanced civic engagement