Why Big Business needs to stop calling people 'human capital'

Human capital.
(Image credit: (Illustrated | Image courtesy iStock))

Can we ban "human capital" from American political discourse already?

"Human capital" has become de rigueur with certain economists and broad portions of the right, particularly the reformicon movement. On the face of it, the term refers to individuals' knowledge, skills, tricks of the trade, habits, creativity, intelligence, etc, and seems relatively harmless. Arthur Brooks, the president of the conservative American Enterprise Institute, clearly thought he was reaching for common ground on what to do about poverty when he invoked "human capital" at a summit with President Obama this week.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.