Investing in Our Human Infrastructure: The Real Wealth of Our Nation Is Its People
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- America and the world are in the midst of a sea change as we shift from the industrial to the knowledge/information era. Many of the jobs being lost in manufacturing and other fields will be gone for good as we move toward more automation and robotics. Our most effective investment is in human capital development, starting in childhood and continuing all through life.
- A job-creation program component that focuses on the work of caring and caregiving will stimulate economic recovery and develop high capacity human capital capable of pioneering new frontiers of innovation across the board in every sector of society: culturally, socially, technologically, and environmentally.
- Neuroscience shows that the quality of childcare directly affects the development of human capacities and potentials; caregiving produces what economists call "public goods" and should be economically valued as civic work.
- The hi-tech green jobs and infrastructure construction jobs proposed by the job-creation program as currently formulated are still largely "men's work." Yet the time has passed when male "heads of family" were the sole breadwinners. The majority of families are two wage-earner families or woman-headed families. An effective economic stimulus program also provides jobs, training, and subsidies where the female labor force is concentrated: childcare, education, healthcare, eldercare. Studies show that women buy 80% of household goods: the food, clothing, and other essentials that keep the core economy going.
- Support of "caring work" will radically reduce poverty and violence, and their enormous economic, social, and personal costs. In the U.S., as in most nations, the poor are disproportionately women and children.
- As the Baby Boomers age, demand for eldercare is rapidly exceeding services available. The job-creation program must address this urgent need by supporting good eldercare in both the market and household economies.
- Millions of Americans are going uncared and undercared for. We have a huge caring gap from cradle to grave. A more broadly defined job-creation program will help close this gap at the same time that it stimulates the economy and trains both women and men for the work that is most urgently needed for a healthy economy and society.
- Creating a new cabinet post or advisory council for high capacity human development will facilitate the reordering of social priorities and the implementation of a new economic agenda appropriate for the post-industrial era - and a more equitable and sustainable future.
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