Group 12 Human Capital: Difference between revisions
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== Hoynak's Area == | == Hoynak's Area == | ||
I will be looking at the structure or workforce of human capital, selecting Japan and the U.S. in order to compare extreme differences. | |||
*By using the term structure, our group means contracts, worker's demeanor, and the relations between workers and employers which result in the production of goods | |||
*For example- in some countries women constitute the part time segment of the workforce while men inhabit another. Traditionally in the US, men have crowded the manufacturing industry while women dominate the services sector. | |||
*Other than by gender, workers in different countries have different contracts, mindsets, and attitudes when dealing with employers. | |||
Revision as of 04:34, 10 April 2006
The purpose of our study is to identify the importance of human capital in today's economy.
- How does the education and development of workers effect a certain country's economic success?
- How does the structure of a workforce lead to production problems and successes.
- How and why do governments effect human capital?
By looking at these questions in great detail, we hope to see how human capital effects the economy.
What is human capital?
In a basic idea, human capital is all of us..... or you could say it is a way of defining and categorizing peoples' skills and abilities as used in employment and otherwise contribute to the economy. Many early economic theories refer to it simply as labor, one of three factors of production, and consider it to be a commodity -- homogeneous and easily interchangeable. But other conceptions of labor are more sophisticated.
In simpler terms, human capital is the specific abilities workers sell for wage...
Importance
It is important to understand how human capital works in an economy because:
- it effects our worth in the labor force
- it effects the economy and nation's wellbeing
- it effects the diversity and qualifications of a workforce
- it effects everyone's personal lifestyle
Burger's Area
Kogel's Area
Hoynak's Area
I will be looking at the structure or workforce of human capital, selecting Japan and the U.S. in order to compare extreme differences.
- By using the term structure, our group means contracts, worker's demeanor, and the relations between workers and employers which result in the production of goods
- For example- in some countries women constitute the part time segment of the workforce while men inhabit another. Traditionally in the US, men have crowded the manufacturing industry while women dominate the services sector.
*Other than by gender, workers in different countries have different contracts, mindsets, and attitudes when dealing with employers.
