Human capital is defined as “General education background. Labor market experience, artistic development and appreciation, health, and other skills.” (Green&Haines, 2016, p.136 ). Burlington has a current population of 42,417 however this doesn’t include the 15,039 that call burlington home for 9 months out of the year between University of Vermont and Champlain College (Burlington city, Vermont, 2010) (UVM Facts. n.d.) (Champlain at a Glance, n.d.). If this number of students was included in the current Burlington population the students would make up Approximately 26% of the total population. This means that roughly one quarter of the population is working on either their bachelor or graduate degree. That’s not to mention that 49% of the population 25-44 has either their bachelor or graduate degree already (UVM Facts. n.d.). So, it is needless to say that there is a high level of human capital in burlington, in the form of education. However, the question is that if we as a community are utilizing this education.
According to Green & Haines (2016), Human capital is completely underutilized and underdeveloped community asset. In Burlington there is great ways to develop human capital but there is a small need for improvement in implementing. While there are opportunities for people with high levels of education to utilize their education for the university or for the private sector there is still a poverty rate of 6.9% amongst people with a bachelor’s degree or higher. This is compared to 4.5% amongst the United States as a whole (Data Access and Dissemination Systems (DADS), n.d.). So, while there are many opportunities to develop human capital in the form of education in Burlington, there is less of an opportunity to utilize those skills.
Burlington city, Vermont. (2010). Retrieved October 21, 2016, from http://factfinder.census.gov/faces/nav/jsf/pages/community_facts.xhtml
Data Access and Dissemination Systems (DADS). (n.d.). American FactFinder – Results. Retrieved November 04, 2016, from http://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=CF
Champlain at a Glance. (n.d.). Retrieved November 04, 2016, from http://www.champlain.edu/about-champlain/quick-facts-and-history
UVM Facts. (n.d.). Retrieved October 21, 2016, from https://www.uvm.edu/uvm_facts