Human Capital: Alburgh, VT

According to Green and Haines, human capital is defined as “General education background, labor market experience, artistic development and appreciation, health, and other skills”hc3 (Green & Haines 2012) In Alburgh we have a very small population, at roughly 1,623 people. The people in Alburgh are primarily educated with a high school diploma, but there aren’t a lot of people who attended college. Ages 18-24, so the typical age of a college student in my town has 54% of that population who have had some college education, (which is only 113 people, so in retrospect it’s not that many). Of the 1,203 people who are age 25 and older, 39.5% of that population has graduated High School. 16.2% of those people also have at least a Bachelor’s Degree, and 7.1% of those people have completed grad school. So this information tells you that the majority of the people that live in the workforce entered straight out of high school.

In terms of income, at 705 total households, roughly 324 of those households make less than $50,000 a year, and the rest make between $50,000 or more (with the average household income being $70,525). In terms of employment in Alburgh, out of the 1,345 people eligible to be in the labor force (people ages 16 or older), there are 877 people in the civilian labor force. Out of those people, 791 of them are employed, and only 86 are unemployehc2d. Out of all of those jobs, most are employed in manufacturing (186) or educational or health care services (158).

The numbers do provide a lot of true information. The majority of people in Alburgh are hardworking people, who are working jobs all day to support their families, so they don’t take a lot of time to really invest in their own personal human capital, whhc1ich is a shame. The one time a year you can count on everyone in Alburgh to show up is the 4th of July parade, where people from all ends of Alburgh sit down and enjoy it together. While you may take away this information by thinking that Alburghians are self-interested people, but in reality they are a hardworking bunch who work their butts off to provide for the people in their life that they love. Which is why Alburgh has a very strong sense of family.

SOURCES:

Data Access and Dissemination Systems (DADS). (n.d.). American FactFinder. Retrieved October 1st, 2016, from https://factfinder.census.gov/faces/nav/jsf/pages/index.xhtml