Early Childhood Human Capital in relation to Parents
“You’re slaves. Your social security number is your slave ID. Your value is on record, and includes things like earned income,” said the Rastafari elder.
“What?” She exclaimed in hushed horror.
“Absolutely,” he replied, “it’s how the country quantifies its worth on the international scene.”
“Well that makes some sense,” she shuddered,”when a country’s debt is 768% of its GDP, it has to measure its wealth in some other way. Human assets could be one.
Although the topic made her cringe, she turned to explore Human Capital Theory. The question is whether Human Capital Theory is an effective method for educating students prepared to compete in a global labor market? This question, to begin with, is leading. It presumes students grow to participate in the labor market. Binding people to a capitalist lifestyle is, in and of itself, slave mentality. There are homeless people who prefer the life. Not necessarily encouraging one over the other, but to consider reevaluating the premise of the question.?
For argument’s sake, presume the premise is valid and the goal is to educate students for competition in the global labor market. Toward that end, consider Human Capital Theory as the “idea of humans increasing their productivity and efficiency through a greater focus on education and training,” (Health Assured Team, n/p, 2021).?
Back track a bit to get a better interpretation of what is being discussed, and consider some of the assets that contribute to measurements of human capital:?
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A legitimate perception of human capital is that its components increase productivity and profitability.
In chatting with her Libyan colleague, she gathered some valuable insight. Unless the investment in human capital is framed according to the federal investment in space and people together, there will be a human being who is a machine to produce what is programmed, not a developed, creative person with a spirit of initiative and creation. She agreed: That premise is correct. As the American system is geared to create obedient automatons fit for service in the national defense, there is little importance given to any other variables.
The most promising in light of the work here and existing findings in the literature is to assume that parents rather than country environment are the important inputs to early childhood human capital formation. (Schoellman, p. 171, 2016). These are little children, under age 6. As other immigrants, they are indoctrinated upon arrival so that they grow up as close to the American culture as possible. Immigrant parents are indoctrinated. Young children don’t have the amount of time to form impressions outside their immigration country. They will learn as their parents. The question is not whether that is good or bad. It is what it is, and it’s not considered a variable in this study. Ultimately, human capital theory is not a measure for educating students in a any capacity. It is, however, a measure of the parents of children in their early childhood.
“We shouldn’t view the theory as selling humans as a commodity. But rather as investing in their talents and performance, benefiting themselves and the business,” (Health Assured Team, n/p, 2021). She sat shaking her head: “How are human capital measures different from human commodities? Is Rastafari right? Is this just a modern measure of slavery?
WORKS CITED
Health Assured Team (December 10, 2021). Human capital theory. Health Assured. Retrieved from?https://www.healthassured.org/blog/human-capital-theory/
Kenton, W. (July 12, 2022). Human capital definition: types, examples, and relationship to the economy. Investopedia. Retrieved from?https://www.investopedia.com/terms/h/humancapital.asp
Schoellman, T. (2016). Early Childhood Human Capital and Development. American Economic Journal: Macroeconomics. 8(3). 145-74. Retrieved from??https://www.aeaweb.org/articles?id=10.1257/mac.20150117