SY101 Lecture Notes - Lecture 10: American Sociological Review, Gary Becker, Glass Ceiling
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Some argue that these structures lead to social inequalities. People are poor because they lack individual and nature talents. The abilities, skills, knowledge, and experience that an individual or a group of individual possess. Human capital must be nurtured through training and education. The more investment in human capital, the better the reward (higher productivity for the society or higher personal income for an individual. Amount that the person invested in their own human capital. Investment that you will be rewarded for. More you have, the more you will be rewarded. The amount that society invest, the more successful, skillful, and productive the workforce will be. Presume that everyone is rational and that every rational being would be thinking this way. Reduces knowledge and education to means to another end (ex: money) Knowledge can be quantified in terms of money. Knowledge is treated as an economic resources.
