2.6.4 Human Capital
Completion requirements
Human capital is the marketable skills we have based on our knowledge, skills, and attitudes. For example, a doctor has greater human capital than does an unskilled worker.
Human capital has a market value and can be turned into income. The value of a lawyer's human capital depends on what the clients are willing to pay for legal services. A musician has human capital that can be valued by what audiences are willing to pay to hear performances.
Human capital has an effect on spending just as wealth (non-human capital) has. The greater a person's human capital, the more income that person has the potential to spend. A large stock of human capital can elicit the same sense of security that wealth provides. In a positive economy, marketable skills are like money in the bank.
Human capital has a market value and can be turned into income. The value of a lawyer's human capital depends on what the clients are willing to pay for legal services. A musician has human capital that can be valued by what audiences are willing to pay to hear performances.
Human capital has an effect on spending just as wealth (non-human capital) has. The greater a person's human capital, the more income that person has the potential to spend. A large stock of human capital can elicit the same sense of security that wealth provides. In a positive economy, marketable skills are like money in the bank.
Knowledge
Skills
Attitudes
Think about this...
What role do you think Career and Technology Studies courses have in increasing students' human capital?
Career and Technology Studies courses encourage students to explore their interests and increase their knowledge about various career options. CTS offers students opportunities to develop the skills that will improve their employability following high school, and the attitudes they need to participate successfully in the world of work.