What Human Capital Will We Have?

Human capital is defined by economists as the amount of skill found in the workforce. It is "measured" as the amount of education and training of everyone. Economists also talk about investment in human capital and human capital theory. Such a "theory" highlights the expenditures made to increase the productive capacity of various workers, either through education or training. The cost of education and training is usually borne by everyone, but some companies do pay their employees to invest in their own human capital and give them time off with or without pay. Investing in a person's ability to be more productive is important. The workforce quality is key to the success of any production endeavor. The west has always had a more productive workforce because of its education and training, among other variables.