What Human Capital Will We Have?

Human capital is defined by economists as the amount of skill found in the workforce. It is “measured” as the amount of education and training of everyone. Economists also talk about investment in human capital and human capital theory. Such a “theory” highlights the expenditures made to increase the productive capacity of various workers, either through education or training.

The cost of education and training is usually borne by everyone, but some companies do pay their employees to invest in their own human capital and give them time off with or without pay. Investing in a person’s ability to be more productive is important.

The workforce quality is key to the success of any production endeavor. The west has always had a more productive workforce because of its education and training, among other variables.

Americans are investing less time in technical training and more in college education majors. The vacuum of skilled technicians is filled with labor from immigrants, legal or illegal. Corporations hire college educated employees from India and China simply because they pay them less.

Investment in human capital needs to shift in the direction of vocational technology as jobs are more plentiful in those fields and certainly pay better than the college graduate field. Additionally, college education is getting more expensive, the average college debt is huge and that is not the case in vocational training. College tuition, for example, rose between 1978 and 2006 by 750 percent. (Baumol and Blinder, p. 518, 2007 edition).

When you consider the astronomical U.S. student loan debt of $1.75 trillion, about 44.7 million people, and the average loan debt per graduate is approximately $37,000, it is easy to understand why a vocational training might be more beneficial for individuals as well as for society. Student Loan Debt 2022 Facts & Statistics | Nitro (nitrocollege.com)

There was a time when college graduates earned twice as much as high school graduates, but the gap is closing and compared to some college degrees in arts and education, high school graduates with vocational training earn more.

Additionally, higher education does not necessarily sort people by ability. Students tend to choose easy study fields of higher education in which they have no interest in working or jobs that may be scarce by the time they graduate and do not pay well at all.

Since college campuses have become bastions of woke-ism and Marxist indoctrination in most majors, it is difficult for conservatives to blend in while seeking an education in stem fields. Non-stem fields are teaching students what to think rather than how to think and be creative and unique individuals in their majors.

Human capital has shifted around the world due to the concept of globalization, its implementation driven by the U.N., the World Economic Forum, and other elitist entities that are in the process of breaking down borders around the world and making sovereignty an outdated concept, a world without borders controlled by technocratic corporations and a few elitist billionaires.

What human capital do Europeans have? Two European think tanks, the Lisbon Council and Deutschland Denken classified European countries by measuring the knowledge capital and the increase or decrease in such human capital in 13 countries. They measured capital stock, deployment, and utilization, highlighting their ability to develop their human capital to “meet the challenge of globalization.” The European Human Capital Index - URENIO Watch

The study looked at the cost of all types of education and training at learning on the job, adult education, university, primary and secondary schooling and parental education.

-          The human capital utilization looked at how much of a country’s human capital stock is deployed.

-          The human capital productivity measured the gross domestic product and divided it by the human capital employed, considering how well-educated employed labor was instead of how many hours were being worked.

-          The study also looked at demography and employment in reference to the demographic and migratory trends to estimate “the number of people who will be employed or not employed in the year 2030 in each country.”

The European Human Capital Index in 2006 found Sweden was at the top and Germany and the Mediterranean countries at the bottom. The European Human Capital Index - URENIO Watch

The World Bank measures and ranks a Human Capital Index in 157 countries in terms of what countries are best in “mobilizing the economic and professional potential of its citizens and how much capital each country loses through lack of education and health.” Human Capital Index | DataBank (worldbank.org)

The World Economic Forum promotes the Fourth Industrial Revolution with its deeper investment in human potential as “the most important political, societal, economic, and moral challenges we are facing today.” The WEF’s System Initiative on Shaping the Future of Education, Gender, and Work is pushing an education that matches their vision for the globalist future. The Global Human Capital Report 2017 - URENIO Watch

Investment in human capital is quite expensive, as university tuition has increased at an alarming rate and nobody questions why, and per capita expenditures for public school education have expanded as well exceeding $20,000 per pupil per year in some math and science public high schools.

The quality of education, whether public or private, has decreased due to woke-ism prevalent at all levels of society, to common core standards, critical race theory curricula, the manufactured 1619 Project indoctrination, Marxist indoctrination, and the academic and administrative obsession with pornographic sex education starting in kindergarten, and enforced without parental consent. Sadly, only about 25 percent of high school graduates are proficient enough in English, Reading, Mathematics, and Science to be able to attend college.

American education used to be the envy of the world, but many third world countries have left most American students behind in knowledge, academic performance, and ability to invest that knowledge productively.

Highly educated people whose countries have invested in their college degrees often flee political and religious oppression, war zones, bad economies, high unemployment, and come to countries such as the U.S. that used to offer them more economic opportunities.

If the U.S. has a surplus of college graduates in certain fields, then the immigration of foreign-trained professionals who will accept a lower salary that may still be higher than in their own countries, will cause the underemployment of domestic graduates. The home country may experience a shortage of professionals, or they may have enough jobs to offer those who stayed.

Initially there was brain drain from war-torn countries, from current and former communist countries, from India, China, high achievers who were looking for the opportunity to succeed that America offered. As this opportunity to succeed has dried up, destroyed by the controlling political regimes in the U.S., this brain drain has slowed down considerably.

Investment in human capital has also changed with shifting demographics. As each family in the developed world has less children and the replacement population rate are below the required 2.0, the enrollment in education is dropping.

The quality of human capital suffered with the academic concentration on less marketable and easy college degrees like social justice, environmentalism, feminism, and social studies, and a total lack of interest in vocational training.

There are less Americans seeking degrees and advanced degrees in medicine, science, math, and engineering. The void is filled with foreign students who no longer want to stay and find jobs in the U.S. as they find life in general more restrictive in the U.S. than in their countries of origin. Generation Jobless: Students Pick Easier Majors Despite Less Pay - WSJ

It will be interesting to see how Klaus Schwab’s Great Reset and his vision of the Fourth industrial revolution with its ‘humans as hackable animals’ will play out in reference to human capital in the next fifty years. In 2020, Klaus Schwab said that Covid-19 was a “rare but narrow window of opportunity to rethink, reinvent, reset our world.”

Dr. Harari, an advisor to the World Economic Forum (WEF) said in a speech that a merger of human life with technology “will not benefit the average man or woman so that he or she may improve his or her own future, but that a handful of ‘elites’ will not only ‘build digital dictatorship’ for themselves but ‘gain the power to re-engineer the future of life itself. Because once you can hack something, you can usually also engineer it.’” Klaus Schwab’s WEF: Humans Are Now ‘Hackable Animals that will be Re-engineered’ – Bible Science Forum

 

 

 

The Fourth Industrial Revolution Under the Great Reset

Like millions of others, you have possibly wondered why healthy people must be quarantined (40 days) for months (9 so far) against the Corona virus, be locked down globally, wearing a mandatory mask at all times against the threat of public shaming by their neighbors and total strangers for being selfish humans, pay fines, even do jail time for the good of the collective, and be told non-stop about the “new normal” and that life will “never” go back again to pre-Covid-19, it will be fundamentally altered, using a master plan designed by globalist elites who want to control the planet at all costs.

What is this master plan called? Before Covid-19 pandemic hit, it was called U.N. Agenda 21, signed in 1992 by 178 countries; when not everybody bought into it fully, it was escalated to U.N. Agenda 2030.  In the U.S. then President Bill Clinton created portals for its implementation in smaller doses at the local level; Democrats incorporated it into the Green New Deal, neither new, nor green, nor a deal for the American people.  Today the master globalist plan is called the Great Reset and the World Economic Forum will tackle it at Davos, Switzerland in 2021.

The World Economic Forum (WEF) is a non-governmental organization (NGO) based in Geneva, Switzerland, and was founded in 1971 by Klaus Schwab who is also its chairman. As its mission states, WEF is “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.”

The January 25-29, 2021 Davos Agenda will be “stakeholder capitalism,” proposed by Klaus Schwab and enhanced by “Greta Thunberg effect,” a phrase WEF coined, putting the Swedish high school girl at the forefront of decades-old environmental and social activism. The WEF wants “stakeholder capitalism” around the globe and the Covid-19 pandemic is giving them the opportunity to realize this dream.

According to the WEF website, “shareholder capitalism” embraced by Western corporations, based on maximizing profits, is no longer desirable. “State capitalism,” based on government controlling the economy like in China, is not desirable either.

Klaus Schwab proposed “stakeholder capitalism,” a model in which private corporations become “trustees of societies,” and is, in his view, “a better kind of capitalism, clearly the best response to today’s social and environmental challenges.” The Davos Manifesto: Towards a better kind of capitalism | World Economic Forum (weforum.org)

The last months of lockdowns were not about the medical industrial complex or socialized medicine in the U.S. If that was the case, we would not have bankrupted hospitals and put medical professionals on furlough and many doctors on the path to retirement. And it was not just about a hurried and forced vaccine program. It was a much more nefarious agenda.

In regards to the pandemic “plaguing” the planet for months and forcing populations under government lockdowns which destroyed economies and small to mid-size businesses, and the subsequent rush to a vaccine, Dr. Michael Yeadon, a thirty-year veteran in virology, retired from a pharmaceutical company with “the most senior research position in his field, wrote:

“There is absolutely no need for vaccines to extinguish the pandemic. I’ve never heard such nonsense talked about vaccines. You do not vaccinate people who aren’t at risk from a disease. You also don’t set about planning to vaccinate millions of fit and healthy people with a vaccine that hasn’t been extensively tested on human subjects.” https://lockdownsceptics.org/what-sage-got-wrong/

This movement was about the laser-focused campaign, echoed around the world, to “Build Back Better” addressed among many, by Joe Biden and Boris Johnson, the U.K. prime minister. This campaign is about the destruction of the current economic systems and their replacement with the Great Reset globalist plan designed by billionaire elites.

Suddenly, many world leaders and talking heads are using the same language and descriptive words when talking about the future of their respective countries and the future of the world. In a recent interview Justin Trudeau said:

“This pandemic has provided an opportunity for a Reset. This our chance to accelerate the pre-pandemic efforts to address global challenges, to reimagine economic systems that actually address global challenges like extreme poverty, inequality, and climate change, building back better for the most vulnerable while maintaining our momentum on reaching the 2030 agenda for sustainable development and the SDGs [sustainable development goals]. Canada is here to listen and to help.”

This is the agenda they had before the pandemic but the pandemic has given globalists the opportunity to Build Back Better, in other words, Reset our world. As one liberal once said, “never let an opportunity go to waste.”

If the reset reminds you of Hillary Clinton and her red button she presented as a gift to the Russians to allegedly restart our diplomatic ties during her tenure as Secretary of State, you are not alone.

The reset agenda is being echoed now by leaders of countries around the world, using words, phrases, and plans designed by an international non-governmental organization (NGO) from Switzerland, and by the United Nations’ Agenda 2030 with its 17 Sustainable Development Goals (SDGs) which were never ratified by our Senate, pushing us to a “fourth industrial revolution,” fundamentally transforming our economy and affecting every facet of our lives, all dictated by an unelected foreign body.

Cancel Trump and the Great Reset of the Globe

“The main obstacle to a stable and just world is the United States.”  -  George Soros

A socialist once said, “never let a crisis go to waste,” and it seems that the Covid-19 pandemic has offered such an unprecedented crisis that the globalists will gladly utilize to finally eliminate the U.S. as the only roadblock left to implementing their one world government goals.

Since at least half of the country agrees with the Democrats and their globalist plans, the only person left in the way which represents the other half of America that must be “persuaded” by any means necessary that one world government is best for the collective, is President Donald J. Trump. 

Come November, the globalists are giddy at the prospect that he is going to lose the re-election by any means necessary provided conveniently by a viral flu which has spread across the planet.

When would globalists ever have another such serendipitous crisis and opportunity to turn 330 million American people into frightened subjects willing to lock themselves in their own homes for the foreseeable future and wear ineffective masks indefinitely?

We went from ’14 days to flatten the curve,’ to house arrest until we accept world communism with few protestations. We went from masks to constant media produced public service announcements (PSAs) playing on every station and website. The globalist and the domestic Left convinced its brainwashed sycophants that Donald Trump caused everything and even a paid rioter would be better president than he.

In a bizarre life imitates art category, a 2003 show called the “Dead Zone” played an episode in which the cast of characters were trying to deal with a viral pandemic caused by the Corona virus. The symptoms were eerily like the Covid-19 viral pandemic. The officials in the show locked down the affected area, quarantined everyone who encountered the afflicted humans, treated the sick patients with chloroquine, a malaria drug, and managed to save the world from a catastrophe.

Joe Keller remarked, “The only difference between 2003 (the show’s pandemic) and 2020 (our real pandemic) is that the fictious government of 2003 did not suppress the truth, did not ban a medication that has been safe for 65 years, and gave the drug to everybody. And, of course, there were no Big Tech Companies that thought they were God.”

Big Tech has been suppressing the truth and censoring those who dare speak it, i.e., doctors, writers, journalists, average Americans on social media, and even the President of the United States.

The main stream media does not seem to be the least bit curious why during a global pandemic, casualties from Covid-19 have not piled up in third world countries that have no sanitation, cannot “socially distance” their citizens, and are plagued by millions of malaria casualties who are treated with chloroquine.

The “cancel culture” movement has disposed of all celebrities, politicians, and any person with a job who has held a divergent opinion from the politically correct one of the left, a suppression of speech corrupt academia has been inculcating into their pupils and teachers alike for fifty years.

Joe Concha said about cancel culture: “You say something that the woke mob doesn’t agree with and you will be eliminated.” No public apologies, repudiations, and firings have quenched the thirst of the PC war against American decency, morality, and faith. The biggest victims so far are American history and statues of famous Americans accused of white supremacy and racism.

The left catapulted any imaginable accusation, legal and illegal, at President Trump to get rid of him and to install the much-desired Marxist one world government. They blame him non-stop in the media and on any other platform they can find, for creating the pandemic and causing the death of thousands of Americans/. Never mind that it was Democrat governors who denied their citizens any suitable treatment except ventilators, masks, sanitizing everything to death, and the promise of a hurried vaccine.

As it was expected, the left has failed miserably so far, and at great expense to American taxpayers, to “cancel Trump” no matter what they tried.

The globalists at Davos 2021 are giddy at the prospect of “canceling Trump” in November and, come January 26, they will be able to “reset the globe” with the “red” button to fit the ideology and plans they have concocted and refined over the years.

The World Economic Forum (WEF), a non-government organization (NGO), meets annually in Davos, Switzerland, a fashionable ski resort, to discuss the fate of the world. The 2021 theme is “The Great Reset,” for a world with a “sustainable and resilient future” without the U.S. in the way and without Donald Trump. This new social contract will center on “social justice,” the mantra of the Marxist movement.

The 51^st WEF will convene in person and virtually, is by invitation only, and is quite pricey to attend ($28,000 per person). Global leaders from government, business, and “civil society and stakeholders” from around the world who subscribe to a one world government, will convene to discuss the fate of seven billion humans. Celebrities, billionaires, President Donald Trump, and even teenage Swedish environmental activist Greta Thunberg were invited to attend in 2019. https://www.businessinsider.com/what-is-davos-world-economic-forum-conference-2020-1?amp

We are told that The Great Reset is necessary in order to build a new “social contract” that “lives up to the expectations of young people,” deals with the global health crisis, and reveals the “evils of racism and discrimination” and “the lack of equal opportunities and inclusiveness.”

Professor Klaus Schwab, Founder and Executive Chairman of the WEF, said that the globe “must move from shareholder capitalism to stakeholder responsibility…. Covid-19 has accelerated our transition into the age of the Fourth Industrial Revolution. We have to make sure that the new technologies in the digital, biological, and physical world remain human-centered and serve society as a whole, providing everyone with fair access.” www.weforum.org

The Great Reset conference will connect with young people (11,000 Global Shapers and alumni) from 420 hubs/cities around the world (Global Shapers Community) for their “highly experienced” input into the future of the world.

What a great transition into global Marxism, using millions of young useful idiots mobilized by leftist “global media and social media networks.”