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Human capital manifests statistically as employment. It’s not a complete measure of labour but it is very convenient for measuring the natural value of a degree
by SomeOldThrow 7y ago
Human capital manifests statistically as employment. It’s not a complete measure of labour but it is very convenient for measuring the natural value of a degree.
- jessriedel 7y agoSure, but that is stretched over a lifetime of work. If you just measure current wealth you won't see it.
- SomeOldThrow 7y agoDebt can also be stretched over a lifetime of work, so I’m not sure how you’d avoid factoring debt into this. Anyway, entering into an investment fully knowing that you can’t expect any quantifiable return seems like a terrible thing to teach children.