Believe: Part Three (Human Capital)

Now that we are reaching the end of Mitt Romney's Believe, I notice that the subjects are getting less and less interesting. For instane, we started with Tax, Regulatory and Trade policies, but we will finish with the Human Capital and Fiscal policies. Human Capital Policy is after the jump.

I don't understand how this chapter will differ from Mitt Romney's Labor policy, but maybe he just needed another chapter before publishing. So while I may not completely understand the concept of Human Capital, I do know that, according to Willard, the Obama Approach did it wrong. Romney writes that the main thing that Obama did wrong was to let big government take the lead on Human Capital issues. The federal government paid for a total of 47 employment and job training programs that we were administered by nine different federal agencies. This resulted in 466 out of 3,586 people who entered the program finding jobs, if you believe Romney's statistics. The Mitt Romney Approach is one that relies on the private sector to train employees. Romney thinks that this should start in the school system. He would give this power to the states, like any good conservative would. Also, he would write up a bill that would put a percentage of unemployment checks in to an account that is saved for the individual to put towards training for job opportunities. A novel concept, but it is hard to determine what percentage this should be based on an individual. The principle that backs this is that the individual knows what to do with their money more so than the government does.
Romney also wants to attract the "best and brightest" from around the world, but here is where he and I disagree. I think that we need to have private industries create a college-like program that is directly tailored to a certain job. This program can be entered directly from high school, and a degree can work as a college degree. The largest speed bump is that this program must be recognized by the federal and state governments as a college "course" in order for entrants to receive government stipends and financial aid. This would show that American corporations are willing to train employees and hire young Americans to career jobs. Or we could follow Romney's plan and hire someone from India or China.
Next up is the final chapter: Fiscal Policy. Should be a good way to end it.