‘Too much of anything is bad’ – so says the age-old wisdom. Does it apply to education as well? Last week Bill Gates tweeted this chart to encourage students to complete college.
I love the simplicity, completeness and elegance of the above chart. The message is pretty clear – ‘More school means more income’. But look at the chart more closely. You can see up until the Professional degree, more school results in proportionally higher income and lower unemployment. Something interesting happens at the next stage. At the Doctoral degree, income starts to decrease and the rate of unemployment goes up a bit. Looks like education and knowledge also follows the universal ‘Inverted-U curve’.
Malcolm Gladwell in his book David and Goliath writes about the ‘Inverted-U curve’ –
“Inverted-U curves are hard to understand. They almost never fail to take us by surprise, and one of the reasons we are so often confused about advantages and disadvantages is that we forget when we are operating in a U-shaped world”
Malcolm further writes –
“Inverted-U curves have three parts, and each part follows a different logic. There’s the left side, where doing more or having more makes things better. There the flat middle, where doing more doesn’t make much of a difference, And there’s the right side, where doing more or having more makes things worse”
Malcolm Gladwell writes about the following three examples –
Money: Scholars who research happiness suggest that more money stops making people happier after they exceed $75,000 income level per year. There are stories of how parents with excess income end-up raising troubled children.
Class Size: Contrary to the popular belief smaller class size results in better learning and smarter kids, as the class size decreases beyond a particular level, learning effectiveness decreases disproportionately. Apparently the optimum number is within the rage of 18-24 students per class.
Punishment and Crime: Past a certain point, cracking down on crime and locking up people stops having any effect on criminals and even it makes crime worse beyond such a point and juvenile delinquency rate increases.
If you think about it, many things in life follow this curve – food, diet, medicine, exercise, drinking, pleasure, luxury, etc. Beyond a particular point, these things start to hurt badly. Even from an organization and career perspective, the things that got you to a particular level will not get you to the next level. The products that were once a cash cow for a company will become the reason for the demise of the company after a while (e.g. Kodak, Blackberry, Blockbuster, etc.).
In economics this phenomenon is called “Law of Diminishing Marginal Returns”. H. Gossen, a German economist, was first to explain this law in 1854. Alfred Marshal later on restated this law in the following words:
“The additional benefit which a person derives from an increase of his stock of a thing diminishes with every increase in the stock that already has”.
I was curious to see if any research is done on excess of education / learning and found this brilliant and counter intuitive paper. “Too Much of a Good Thing : The Challenge and Opportunity of the Inverted U”. The authors write about how excessive team learning orientation within an organization results in lower performance –
“Bunderson and Sutcliffe (2003) studied the learning orientations of management teams in a Fortune 100 consumer products company. Past research had shown a positive relationship between team learning orientation and business performance, but researchers had only explored monotonic associations, overlooking the possibility of nonmonotonicity. Bunderson and Sutcliffe (2003) proposed that strong learning orientations can be ‘‘inefficient or even dysfunctional’’, as a focus on learning can distract attention away from performance results, lead members to waste resources on low-probability experiments, and create divergent responsibilities and discoveries that make it difficult to assimilate and disseminate knowledge gained.”
In conclusion this paper says – There is no such thing as an unmitigated good. All positive traits, states, and experiences have costs that at high levels may begin to outweigh their benefits. This paper also reminded me of an advise I once received from my mentor. While working on a project, my team brought in a lot of academic insights to make a recommendation and my mentor then the project sponsor said “academic insights beyond a particular point though accurate becomes irrelevant”.
Then – how much is too much? Its really hard to answer that question because we are asking a partial question. The complete question is – What is the goal and how much is too much? Given we started our discussion with education, if the goal of education is to make more money, then surely getting more degrees will hurt after a particular level. You just become overqualified and there are fewer jobs out there for the highly qualified. However if the goal of education is to get a better understanding of the world we live in and gain wisdom, then, an entire human life full of education is just a drop in the vast ocean of what’s out there to learn. The more you know, you will realize how less you know.
One thought on “How Much is Too Much?”
You need to get Bill Gates to provide more frequent updates on different topics that you could leverage 🙂 here is my reasoning for your spike: you have lots of PHD candidates reading your blog, and they were happy or not to learn that they don’t need to continue with their education 🙂 well most likely the opposite, lots of parents who would use that chart in discussion with their children, study well -> to get more income. Net Net – catchy title, very easy to grasp concept, for a broader audience, Bill Gates reference sounds more familiar/trustworthy than some other Mr. X, easy to follow visuals. Date: Mon, 8 Jun 2015 00:35:52 +0000 To: email@example.com
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