People Aren’t Androids

Paul Krugman writes that People Aren’t Androids.

Branko says that the essential difference between skills and physical capital is that the former aren’t worth anything unless you work, and that is certainly an essential difference. I would, however, also emphasize the flip side: if you think of capital as something that rentiers can own, which is surely one of the important things we connote when we use the c-word, then labor force skills are not capital in that sense. Children of the wealthy can inherit or buy factories and buildings; absent indentured servitude or the coming of androids, they can’t buy worker skills.

Emphasis Mine

I agree with Krugman in that Human Capital is a bogus concept by Capitalist economists that tries to fit human development into the Capitalist economic and political model.

The development of workers has seen productivity attached to labour power, instead of Capital. The worker is more productive because of their skills and experience rather than by applying unskilled labour to Capital investments in machines.