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Is school and University education really needed in life?

Is it a waste of time for those that work to their best ability in school and University to get top grades? Are those guaranteed to get a good job and wage or is those that know the right people and talk the right bull? To the older visitors of TED can you say from experience that education helped you to a better life, and for the younger visitors what do you think?

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    Apr 17 2013: If a society cannot uphold the same level of civilization, it will decline.

    We need education, and we need a lot of it at great quality.

    Is it "needed"... no, not in a basic Maslov way. But we need to learn a lot of things. Some turn out to be usefull, and others not.
    I would recommend you learn some things in your life. It will be advantageous.

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