Opportunity Cost Of Early Childhood Education Essay

Introduction What are the opportunity costs of not providing an excellent early education? Even though the importance of early childhood learning may appear obvious to everyone who has witnessed the effortlessness with which growing up multilingually helps children to speak multiple languages fluently later in life, the beginning of children’s efforts in public education are somehow vague; some children do not visit even pre-school, others already start out learning in pre-kindergarten. This text will act as a point of reference about the opportunity cost of not providing an excellent childhood education, or conversely, the external benefits of educating someone else’s children. It will serve as a contributing source to the ongoing societal discussion about how much education is necessary to create an informed society and to embolden individual children to find their own way in life, which requires a basic level of education. While the importance of higher education can be disputed, the conclusion from the following text is that if one wants to reduce education, early childhood education should come last.
Opportunity cost and early education If in any given situation more than one choice is available, the “opportunity cost” is the cost incurred by …show more content…
Experts estimate that by 2050, excellent early childhood education will have yielded $304.7 billion in benefits—$81.6 billion in taxes and government benefits, $108.4 billion in better career possibilities, and $114.7 billion in savings from reduced crime rate and better public health (Lynch & Vaghul, 2015). Therefore, an excellent early childhood education has multiple benefits, the impact of which cannot be overstated; it is as much a benefit to society as it is a societal duty, as never again will the human brain be so efficient in learning new items than during early