To observe and study the phenomenon of diminishing returns on human capital, we should first distinguish it from ineffective human capital investment.
There are millions of outward forms of ineffective human capital investment, and the most important thing is that it does not bring any material benefits, and in more cases, such investments do not only not bring the expected benefits, but may lead to larger, material losses.
In fact, when faced with ineffective human capital investment, we should be most clear that this special form of ineffective investment is often not something that the parties can decide independently.
Modern science has long proved that the gap between people does not lie in race and genes, but in the influence of the external environment. We can certainly explain it in terms of the basic principle of dialectical materialism, in which matter determines consciousness, and consciousness reacts to matter. It is worth noting that even if a researcher who does not recognize dialectical materialism at all, as long as he adheres to an objective and impartial research attitude and maintains basic research ethics, he will come to the conclusion that dialectical materialists deduce through theory.
Why, then, do the disparities we observe between people in society tend to be intuitively related to race and family? In fact, this stems from the fact that the most basic structure of modern society is no longer the individual but the family, and the physiological characteristics of human beings remind us that without the nurturing of elders, it is impossible for all people to grow up, let alone have a certain amount of human capital. Differences in the way our elders raise us can often determine the actual effectiveness of our investments in human capital as adults. We can also think of it as a multi-dimensional learning ability system.
In traditional Chinese society, the influence of the family on the individual is often decisive, which is actually due to the difference in labor efficiency caused by effective investment in human capital, and this method based on the effective inheritance of the family will of course make us mistakenly believe that social status is innate or natural, this misunderstanding has hurt many people, and it is also one of the important sources of the decline of modern China.
In regions where there is no mature family inheritance outside the territory, social organizations need to take on this glorious and sacred mission that human beings must shoulder, and the modern Western education system has emerged. From a practical point of view, a larger inheritance system will greatly reduce the cost of human capital investment, and more importantly, the interaction between learners will be more effective in improving the efficiency of their own human capital investment, which is the advantage of the modern Western education system.
However, for Chinese society, the collision and run-in between the pressure of family inheritance and the completely Westernized education system are far from over, and the excessively high expectations and relatively low evaluation and identification ability are the chronic diseases of Chinese-style education, which often give birth to a group of social waste wood that can only take exams but have no knowledge, let alone the correct use, when there are systemic loopholes in the social evaluation system, the general mismatch of human resources under the money transaction will greatly reduce the actual efficiency of social production. Ineffective investment in human capital induced by such interests often becomes the most important obstacle to economic and social development.
In fact, we can completely exclude this kind of behavior of seeking preferential possession of social resources through the medium of money or actual interest exchange from the category of human capital investment, but when someone knows this situation but actually allows it to spread because of the ** of interests, we still put them here for people of insight to identify.
The phenomenon of diminishing returns on human capital as we understand it is a common social problem that affects economic and social development by slow, irregular and discontinuous phenomena composed of occasional phenomena with a certain probability. However, ineffective investment in human capital often has a certain understanding of the rules to follow, which will inevitably lead to a precipitous decline in the performance of some organizations, and the comrades of the Commission for Discipline Inspection and Supervision can discover serious corruption problems in the employment of personnel.
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