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ADULT EDUCATION HUMAN CAPITAL LEADERSHIP FROM THE FORTUNE 500 Teresa M. Palmer uring the last five years, the media It wasn't until the 1960s and 1970s that economists (business and popular) has devoted in- focused much attention on the development of human D creasing attention to the state of Ameri- capital. 'he importance of human capital inmtment can business and its labor force. It hasbeen extensivelydocumented. Schultz (1981) in wuld be difficult for any literate adult to be unawm of khgm P~k::~EamomiQ~ofpqDulalion the collective concern being expressed by business, labor, euality recognized that natural resources, physical capi- economists, various organizations, and the government tal, and raw labor m not sufficient in developing a high- about the current and future state of human capital in ly productive economy. He recognizd that a wide array the United States of America. of human skills is essential. Investment in human capi- tal is the commitment of mum in that it will improve What Is Human Capital? skills, kndedge, or health, according to Becker, One of the mum commonly used to assess the health Human Gp&l, 1975. 'ha of the activities that con- of an economy is its productivity-the value of the tribute to
Adult Learning – SAGE
Published: Nov 1, 1992
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