Sunday, March 8, 2015

Emma Spreng, Chapter 6, Question 7

In this chapter Wheelan talks about the importance of human capital and how it effects the economy. It says people with a higher human capital are able to find work basically anywhere without a problem while people because there will always be a need for doctors while a person with lower human capital have a harder time to find work and are limited to low wage jobs that require little skill. Reading this chapter made me look at the issue of getting rid of poverty in a different way because Wheelan argues that if everyone had a higher paying job, the lowest paying would have to increase therefore getting rid of poverty.

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