Our journey brings us to an area of centuries-long study by economists stretching back to Adam Smith and Thomas Malthus. Human capital is the economic worth of your experience and skills. This capital includes education, training, intelligence, health, and other things employers and society value, such as loyalty and punctuality.
The concept of human capital recognizes that not all characteristics of individuals are equal. But employers and society can improve the value of that capital by investing in their employees. Moreover, firms perceive human capital as vital because it increases productivity and, thus, profitability. This chapter examines demographic trends, human development, and labor economics.
Get Striding With Economic Giants now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
