ERIC Number: ED417325
Record Type: RIE
Publication Date: 1995
Individualism, Inspiration and Personal Market as Related to Education and the Workplace.
Fusch, Gene E.
A review of human investment in education considers the pivotal human capital theory in relation to complementary, replacement, and opposing hypotheses and the interrelationship of workers, education, and workplace production. Analysis of definitions of human capital concludes that it is the marketable value of an individual that additional education and training should improve. The screening hypothesis (or theory of credentialism) is a complement or an alternative to human capital theory. Employers use educational credentials as criteria for hiring because educated workers may possess a higher level of other skills. In the competition model, similar to the screening hypothesis, workers are selected by employer preference and often trained on the job. The labor market segmentation model has two types: one relating to technological requirements and the theory of primary and secondary labor markets. Radical theorists have accused capitalists of deliberately creating the segmented labor market to evade unionization and worker militancy through a divide and conquer strategy. Of these theories, only the radical approach recognizes the importance of high quality education but advocates a social revolution that shifts educators from preparing workers for the work force to indoctrinating them with communal economic philosophy. All approaches fail to give adequate consideration to the individual. A newly modified human capital theory emphasizes sociological theory through the individualization theorem. It charges each individual with the responsibility of life decisions. (Contains 33 references.) (YLB)
Publication Type: Information Analyses
Education Level: N/A
Authoring Institution: N/A