Human Capital in the Election

There's been recent talk in the election about both presidents' stances on the subject of income equality. For many, our perception of Romney is found in his millions of dollars, and his involvement with Bain Capital, and his ridiculously wealth background. Now, as great as all of this, it makes talking about income a very touchy subject for him. However, he's made one of the most interesting points on the subject, and it starts with one thing: Human Capital.

Romney has made a compelling case for a reform in policy towards social equality- and it starts with looking past economic reform.

Whether you’re a student or in the workplace, we all can understand that some members of any community are valued over others. Whether that’s found in their relationships with others in the classroom or the office, or their contribution to the group, it’s clearly there— especially in business, where there’s often a bureaucratic hierarchy defined by position and payroll. He’s trying to close those gaps as best as he can.

One of his proposed policies is to reform existing government training exercises, instead of assigning strict roles and training people to jobs, the new government would assist businesses in finding ways for the business to become more productive as a group of individuals, encouraging everyone to contribute to the business in a more balanced sense. Training would take place on a more personal level for each business, finding the best fit to keep it as competitive as possible. But what this does, is grants each worker, a greater role in the production of the workforce. 

What this is supposed to do, is balance the social scale of inequality, which is not often incorporated into policy levels, because it’s not tangible like the economy or foreign policy, but a bold effort nonetheless.

How it works out, however, is going to be really interesting to follow, if he’s given that opportunity. Such is the problem with any policy proposal, in theory it may sound incredible, but application is difficult. Changing the culture of the workplace is huge, and I’m not so sure an external force can change that.