Death Of Human Capital

Human capital theory, or the notion that there is a direct relationship between educational investment and individual and national prosperity, has dominated public policy on education and labor for the past fifty years. In The Death of Human Capital?, Phillip Brown, Hugh Lauder, and Sin Yi Cheung argue that the human capital story is one of false promise: investing in learning isn't the road to higher earnings and national prosperity. Rather than abandoning human capital theory, however, the authors redefine human capital in an age of smart machines. They present a new human capital theory that rejects the view that automation and AI will result in the end of waged work, but see the fundamental problem as a lack of quality jobs offering interesting, worthwhile, and rewarding opportunities. A controversial challenge to the reigning ideology, The Death of Human Capital? connects with a growing sense that capitalism is in crisis, felt by students and the wider workforce, shows what's at stake in the new human capital while offering hope for the future.

"Human capital theory, or the notion that there is a direct relationship between educational investment and prosperity, has governed Western approaches to education and labor for the past fifty years. However, many degree recipients have experienced the opposite. This book demonstrates that the human capital story is one of a failed revolution that requires an alternative approach to education, jobs, and income inequalities. Rather than abandoning human capital theory, the book calls for a broader view of education not merely as schooling, but as the process of acquiring the skills necessary to take on a flexible range of jobs and roles. In a rapidly changing job market, workers will need to capitalize on the skills, talents, and personality traits that they have honed through a lifetime of learning, rather than their academic credentials. A controversial challenge to the reigning ideology on economics and education, this text provides important insights into the current plight of the overqualified, underemployed labor market"--

Human capital theory, or the notion that there is a direct relationship between educational investment and individual and national prosperity, has dominated public policy on education and labor for the past fifty years. In The Death of Human Capital?, Phillip Brown, Hugh Lauder, and Sin Yi Cheung argue that the human capital story is one of false promise: investing in learning isn't the road to higher earnings and national prosperity. Rather than abandoning human capital theory, however, the authors redefine human capital in an age of smart machines. They present a new human capital theory that rejects the view that automation and AI will result in the end of waged work, but see the fundamental problem as a lack of quality jobs offering interesting, worthwhile, and rewarding opportunities. A controversial challenge to the reigning ideology, The Death of Human Capital? connects with a growing sense that capitalism is in crisis, felt by students and the wider workforce, shows what's at stake in the new human capital while offering hope for the future.

This volume honours the contributions Claudia Goldin has made to scholarship and teaching in economic history and labour economics. The chapters address some closely integrated issues: the role of human capital in the long-term development of the American economy, trends in fertility and marriage, and women's participation in economic change.

A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP).

A groundbreaking consideration of death from capitalism, from the seventeenth to the twenty-first century From a 2013 Texas fertilizer plant explosion that killed fifteen people and injured 252 to a 2017 chemical disaster in the wake of Hurricane Harvey, we are confronted all too often with industrial accidents that reflect the underlying attitude of corporations toward the lives of laborers and others who live and work in their companies’ shadows. Dead Labor takes seriously the myriad ways in which bodies are commodified and profits derived from premature death. In doing so it provides a unique perspective on our understanding how life and death drive the twenty-first-century global economy. James Tyner tracks a history from the 1600s through which premature death and mortality became something calculable, predictable, manageable, and even profitable. Drawing on a range of examples, including the criminalization of migrant labor, medical tourism, life insurance, and health care, he explores how today we can no longer presume that all bodies undergo the same processes of life, death, fertility, and mortality. He goes on to develop the concept of shared mortality among vulnerable populations and examines forms of capital exploitation that have emerged around death and the reproduction of labor. Positioned at the intersection of two fields—the political economy of labor and the philosophy of mortality—Dead Labor builds on Marx’s notion that death (and truncated life) is a constant factor in the processes of labor. Considering premature death also as a biopolitical and bioeconomic concept, Tyner shows how racialized and gendered bodies are exposed to it in unbalanced ways within capitalism, and how bodies are then commodified, made surplus and redundant, and even disassembled in order to accumulate capital.

Condensed into a detailed analysis and a selection of continent-wide datasets, this revised edition of World Population & Human Capital in the Twenty-First Century addresses the role of educational attainment in global population trends and models. Presenting the full chapter text of the original edition alongside a concise selection of data, it summarizes past trends in fertility, mortality, migration, and education, and examines relevant theories to identify key determining factors. Deriving from a global survey of hundreds of experts and five expert meetings on as many continents, World Population & Human Capital in the Twenty-First Century: An Overview emphasizes alternative trends in human capital, new ways of studying ageing and the quantification of alternative population, and education pathways in the context of global sustainable development. It is an ideal companion to the county specific online Wittgenstein Centre Data Explorer.