Final answer:
Bain’s perspective on general education underlines its broadening effect on a student's worldview and cultural capital, preparing them to work with professionals and pursue self-examination, which aligns with Socrates' philosophy on education's purpose. Higher education is viewed as a worthy investment for its private returns and enhancement of individual capabilities.
Step-by-step explanation:
According to Bain, the value of general education (gen ed) classes is deeply founded in its ability to broaden a student's worldview and provide a rich and diverse foundation for future learning and career development. This is achieved through exposure to a wide range of topics such as mathematics, physical sciences, history, and literature, along with social sciences, and arts. General education equips individuals with what is referred to as “cultural capital”, enhancing their ability to work with experienced professionals and build wisdom upon knowledge. Drawing on the wisdom of Socrates, education is seen as a medium to enhance the skill at self-examination, making it a worthwhile life investment.
Despite the debates surrounding educational outcomes and standardized test scores, higher education is generally considered a good investment, particularly with studies suggesting a 10-15% rate of return. This is not just in terms of the financial outcome but also the private returns to the individual in the form of enriched capabilities and an expanded perspective. The overarching belief is that a well-rounded education has intrinsic value that extends beyond the direct economic benefits.