Human Capital or Human Baggage

This is a topic never mentioned in the regular newspaper. Human Capital is exactly like money and physical possessions. Working people are human capital. The workers today have changed in certain areas. Going to the factory, employees were commonly viewed carrying lunch pales in their hand. Today we view them carrying metal briefcases as they enter into the factories.

Workers were hand laborers years ago, but now most factory workers are technicians and engineers. Before workers only needed food for their bodies to work. Today they need to be qualified human capital with an education in electronics, or metallurgy, or Boolean Math, and/or computer repair. People require brain-food to be qualified human capital today. Food for the mind only comes from education. Many jobs that were done by hand are being done by machinery similar to robots. Robotics has many forms from placing a bolt into the frame of a car to placing a microchip into a circuit board. The welding, and soddening are done by another robotic machine. Some machines require operators yet others only require repair people. Machinist are in demand to build parts fast enough to maintain production of these robots.

The metric system, the United States said it would convert to metric system 35 to 40 years ago. Every machinist needs to adjust their tools by millimeters or nanometers to do their work. Numeric conversions are done religiously to produce repair parts for machinery. It boils down to the educational system has not changed to meet the business needs in America. Baby boomers have become a liability, and not the asset they once were. Good-bye Social Security!

Enron executives were found guilty of taking and using their employees retirement funds to maintain their business books. They were preventing their stocks from dropping. Do you see any similarity in President Bush's taking 3 times the amount from American Social Security than the combined Presidents before him. 18 billion dollars was shifted from Social Security to rescue Hurricane Katrina victims. This money should have done a lot of work on the 3 States most effected, but Louisiana, Alabama, Mississippi, and a little bit of Florida haven't seen 18 billion worth of repairs or temporary housing. 50% of the population of New Orleans haven't returned. They have seen Insurance Companies refuse to pay on their contracts though. The Stock Markets increased slightly by boosting contractors, and Concrete Companies prices because of the demand for home, and road repairs. But then that bubble busted abruptly. The Stock Markets have only seen moderate gains as the different sectors play musical chairs for good and bad market information. Did that 18 billion enter different business organizations on a round-robin basis to secure the stock market prices? No one can see where the money went because of National Security. The Justice Department was told by the N.S.A they didn't have the Security Clearance necessary to investigate class action law suites against the telephone companies participating in the public bugging scandal, but the telephone companies' employees must have the clearance to execute such a plan. It makes no sense. A Government of the People for the People can't exist blind folded.