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Education makes a person more skilled and acquires knowledge about how to face problems and in this modern period it is required to have education because it improves the living status and as their is no place for people who dont have education. 
in this modern generations we need only people who are skilled and have knowledge on how to do the work. then only they will be paid for what they have done.
people without a degree are considered waste even if they know how to do the work.