Human Capital In Post-Industrial Economy As A Major Development Factor

Abstract

A man in the post-industrial economy is more often presented as a creator, but being ruled by the total market and capital, thus acting as a "human capital". Human capital is becoming a key development factor in the modern economy. Requirements to the quality and role of the employee in the production process change significantly, the importance of creative activities and the demand for highly qualified labor force increases, which requires considerable expenditures on education, health care, etc. Referring to the experience of developed European countries over the past few decades, one can claim a multiple return on investment in the creation of human capital, in addition to achieving social peace in society, ensuring comfort, etc. The development of new industries increases the demand for well-trained workers, which also requires an increase in the level of income. Developed countries with advanced technologies can provide themselves with high levels of production performance and the resulting economic, military and political superiority, which ultimately leads to the redistribution of riches and income to countries with higher levels of development. Nowadays in Russia, which is not keeping up with the quality of human capital, there is a technological and general economic lag, and all this has a negative impact on the standard life of citizens, and with each stage of scientific and technical progress these problems are becoming more and more acute. Therefore, the most important issues for the country are the development of the new economy by addressing social issues.