Her colleague Charles Babbage, on the other hand, was a prince among men:
"What Babbage remarked is that skilled workers typically spend parts of their time performing tasks that are below their skill level. If the labour process can be divided among several workers, labour costs may be cut by assigning only high-skill tasks to high-cost workers, restricting other tasks to lower-paid workers. He also pointed out that training or apprenticeship can be taken as fixed costs; but that returns to scale are available by his approach of standardisation of tasks, therefore again favouring the factory system. His view of human capital was restricted to minimising the time period for recovery of training costs."
HAWT!!
Her colleague Charles Babbage, on the other hand, was a prince among men:
"What Babbage remarked is that skilled workers typically spend parts of their time performing tasks that are below their skill level. If the labour process can be divided among several workers, labour costs may be cut by assigning only high-skill tasks to high-cost workers, restricting other tasks to lower-paid workers. He also pointed out that training or apprenticeship can be taken as fixed costs; but that returns to scale are available by his approach of standardisation of tasks, therefore again favouring the factory system. His view of human capital was restricted to minimising the time period for recovery of training costs."
Plus ça change…
*soupir*
He called it Human Capital. And of course he meant "drive down labor costs".
Yes. Of course that's what I meant.