Company

LOGO

Human CapitalHuman Capital--What is Human Capital?What is Human Capital?

--Settlement patternsSettlement patterns

Human Capital as a Labor forceHuman Capital as a Labor force

-Character of labor force-Character of labor force

- - Dual Labor MarketDual Labor Market

Building Human CapitalBuilding Human Capital

-Rural SchoolsRural Schools

-Poverty-Poverty

-Health-Health

Images from http://www.chillicothecity.org/index.htmlImages from http://www.chillicothecity.org/index.html

Company

LOGOHuman CapitalHuman Capital

-Gary Becker and other Gary Becker and other economist economist

-Education and training Education and training are most importantare most important

What is Human CapitalWhat is Human Capital??

-Human capital is also Human capital is also

-Personal attributes-Personal attributes

Images from http://www.chillicothecity.org/index.html/schoolsImages from http://www.chillicothecity.org/index.html/schools

Core ConceptsCore Concepts

• Human Capital– Skills– Transferable knowledge– Workforce development– Training

MobilityMobility

• 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 CapitalOther 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

RelationshipsRelationships

• 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 TheoryClassical 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 AssetGreatest Human Asset

• The greatest human capital asset is leadership

• Leadership is either learned, earned or “natural.”

7 Core Leadership Characteristics

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 ContinuedCharacteristics Continued

• Provides an environment to motivate people

• Is politically and organizationally aware

Patterns of SettlementPatterns of Settlement-Railroad key to settlement -Railroad key to settlement patterns in the Midwestpatterns in the Midwest

-Chillicothe agriculture town, -Chillicothe agriculture town, kept going via the railroad kept going via the railroad

from Hannibal, Mofrom Hannibal, Mo

Images from http://www.chillicothecity.org/where.htmlImages from http://www.chillicothecity.org/where.html

Images from http://www.chillicothecity.org/transportation.htmlImages from http://www.chillicothecity.org/transportation.html

Character of Labor ForceCharacter of Labor Force

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

Character of Labor ForceCharacter of Labor Force

http://www.city-data.com/housing/houses-Chillicothe-Missouri.html

Age and GenderAge and Gender

Character of Labor ForceCharacter of Labor Force

Travel TimesTravel TimesLess than 5 minutes: 376 Less than 5 minutes: 376 5 to 9 minutes: 1576 5 to 9 minutes: 1576 10 to 14 minutes: 943 10 to 14 minutes: 943 15 to 19 minutes: 212 15 to 19 minutes: 212 20 to 24 minutes: 90 20 to 24 minutes: 90 25 to 29 minutes: 34 25 to 29 minutes: 34 30 to 34 minutes: 177 30 to 34 minutes: 177 35 to 39 minutes: 16 35 to 39 minutes: 16 40 to 44 minutes: 65 40 to 44 minutes: 65 45 to 59 minutes: 65 45 to 59 minutes: 65 60 to 89 minutes: 59 60 to 89 minutes: 59 90 or more minutes: 7490 or more minutes: 74

http://www.city-data.com/housing/houses-Chillicothe-Missouri.html

Dual Labor MarketDual Labor Market

Two MarketsTwo Markets

-Primary-Primary

Skilled WorkersSkilled Workers

-Secondary-Secondary

low status, low pay, poor low status, low pay, poor benifitsbenifits

Kevin Kroen Photographer

Dual Labor MarketDual Labor Market

ChillicotheChillicothe

-Majority of the labor -Majority of the labor

is secondary ,based on is secondary ,based on

wages alonewages alone

¼ of Rural wages and ¼ of Rural wages and salariedsalaried

Workforce 25 or older had Workforce 25 or older had low wageslow wages

http://www.city-data.com/housing/houses-Chillicothe-Missouri.html

Building Human CapitalBuilding Human Capital

Rural SchoolsRural Schools

-With good education usually have -With good education usually have a export of educated people.a export of educated people.

Chillicothe maybe able to blame Chillicothe maybe able to blame there drop of population to this.there drop of population to this.

-Chillicothe High School-Chillicothe High School-Grand River Tech. School -Grand River Tech. School -Chillicothe Middle School -Chillicothe Middle School -Dentral Accelerated Elementary School -Dentral Accelerated Elementary School -Field Elementary School -Field Elementary School -Dewey Elementary School -Dewey Elementary School -Garrison Elementary School -Garrison Elementary School -Bishop Hogan Memorial School -Bishop Hogan Memorial School -North Central Missouri College-North Central Missouri College

J. Keller, PowerpointJ. Keller, Powerpoint

Building Human CapitalBuilding Human Capital

PovertyPoverty

- Lack of Education- Lack of Education

-Fewer opportunitiesFewer opportunities

Building Human CapitalBuilding Human Capital

HealthHealth

- - Rural America is more likely toRural America is more likely to

do unhealthy things. do unhealthy things.

http://www.asturplaza.com/imagesgrandes/taberna.jpghttp://www.asturplaza.com/imagesgrandes/taberna.jpg

ConclusionConclusionWhat should have learned?What should have learned?

Human CapitalHuman CapitalCharacter of labor forceCharacter of labor force

Dual Labor MarketDual Labor MarketRural SchoolsRural Schools

PovertyPovertyHealthHealth

ReferencesReferences

http://www.city-data.com/city/Chillicothe-Missouri.html

http://www.chillicothecity.org/history.html