Company LOGO Human Capital -What is Human Capital? -Settlement patterns Human Capital as a Labor force -Character of labor force - Dual Labor Market Building Human Capital Rural Schools -Rural Schools-Poverty-Health Images from

Company LOGO Human Capital -Gary Becker and other economist -Education and training are most important What is Human Capital? -Human capital is also -Personal attributes Images from

Core Concepts Human Capital –Skills –Transferable knowledge –Workforce development –Training

Mobility The underlying concept of human capital is the new economy The core concept of the new economy is the mobility of labor –Labor is now available in place such as a plant that produces disc drives in Malaysia –Partial assembly of your computer in Mexico

Other forms of Human Capital Intellectual capital/property IF social capital is high (bonding) then it is assumed that other forms of human capital, such as individualized training is also high The components of human capital –People – Process & Technology

Relationships Hotspot communities rate very high in human capital Labor, training and education are very competitive in these community Does a dying or stagnant community repel high degrees of human capital?

Classical Theory In classic economic theory skilled labor seeks opportunities in place of high wages, workforce development opportunities, and high technology High performance communities in both the private and public sectors recognize that an organization’s people largely determine its capacity to perform. These organizations understand that the value of the organization is dependent on the value of its people.

Greatest Human Asset The greatest human capital asset is leadership Leadership is either learned, earned or “natural.”

7 Core Leadership Characteristics Focus on community and self development Initiates & Implements change Fosters a community centered culture, understands civic life Builds networks and partnerships Able to indentify priorities and hold self accountable – has a clear mission

Characteristics Continued Provides an environment to motivate people Is politically and organizationally aware

Patterns of Settlement -Railroad key to settlement patterns in the Midwest -Chillicothe agriculture town, kept going via the railroad from Hannibal, Mo Images from Images from

Character of Labor Force High school or higher: 79.1% Bachelor's degree or higher: 13.3% Graduate or professional degree: 3.9% Unemployed: 3.4%

Character of Labor Force Age and Gender

Character of Labor Force Travel Times Less than 5 minutes: to 9 minutes: to 14 minutes: to 19 minutes: to 24 minutes: to 29 minutes: to 34 minutes: to 39 minutes: to 44 minutes: to 59 minutes: to 89 minutes: or more minutes: 74 Missouri.html

Dual Labor Market Two Markets -Primary Skilled Workers -Secondary low status, low pay, poor benifits Kevin Kroen Photographer

Dual Labor Market Chillicothe -Majority of the labor is secondary,based on wages alone ¼ of Rural wages and salaried Workforce 25 or older had low wages

Building Human Capital Rural Schools Rural Schools -With good education usually have a export of educated people. Chillicothe maybe able to blame there drop of population to this. -Chillicothe High School -Grand River Tech. School -Chillicothe Middle School -Dentral Accelerated Elementary School -Field Elementary School -Dewey Elementary School -Garrison Elementary School -Bishop Hogan Memorial School -North Central Missouri College J. Keller, Powerpoint

Building Human Capital Poverty Poverty - Lack of Education - Lack of Education -Fewer opportunities

Building Human Capital Health Health - Rural America is more likely to do unhealthy things.

Conclusion What should have learned? Human Capital Character of labor force Dual Labor Market Rural Schools PovertyHealth

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