HUMAN CAPITAL / LEARNING THAT CAN MOVE
Competence is not property.
A nurse's clinical judgment, a machinist's diagnosis of an unfamiliar sound, a researcher learning how to ask better questions: all represent capacities accumulated through education, practice, feedback and sometimes expensive failure. Human-capital theory helps explain why investment in skills and health matters for economic possibility.
But a skill is not valuable only when an employer profits from it. Literacy can help someone read a contract. Scientific reasoning can prevent a costly mistake. Communication can make a family argument less destructive. These are possible uses, not automatic returns on a training programme.
The complication: opportunities to develop skill are unequal; credentials can misdescribe competence; and market wages don't express the entirety of a person's worth.
Research lens: World Bank, human capital ↗