Chapter 6

Question 2

I thought that the idea of human capital was relatable (as it should be). What I found especially interesting was the idea of investment in human capital. Wheelen uses examples like Bill Gates, Tiger Woods, and Gamal Abouali. These three individuals clearly have significant human capital and have made serious investments to gain it. It seems to me, though, that in certain areas, there are increasingly high standards to gain human capital. Wheelen describes the idea of someone flipping burgers. Any one can flip burgers therefore it isn't really considered human capital. So what about things like photography? We have been given tools like high quality phone cameras and Instagram that allow many individuals to take really great photos. What does this mean for professional, trained photographers? They may be great at what they do, but how much human capital do they have then?
The standards, at least in certain areas, have been heightened, and we must work harder, or invest more, to gain human capital.