Andre LaRenzie, Chapter 6, Question #7

Chapter 6 of "Naked Economics" by Charles Wheelan was all about Productivity and Human Capital. I learned from this chapter the importance of investing in human capital, or the skill that one brings to the table. This has broadened my view as a society, because I now understand that a nation must work together with each other's skill to improve life. Charles Wheelan spoke of two options at a farm, a man with no skill will not be offered any work at the farm, but when a man arrives with skill that may benefit the farmer, he will be cut a share of the land, plus what he has to offer to benefit the farmer. This leaves room for surplus for the farmer,which can be spent to hire more jobs, and bring more human capital to the farm. This made me ultimately realize how important skills are, and more importantly, how useful it is to get a degree, so someone may invest in your capital. When someone invests in your capital, it improves life for others, and yourself, as you can now make a profit from your certain skill.