From Dr. Tor Dahl

Economists estimate that eighty percent of all capital is human capital. Those employers who view workers only as cost items miss out on the contributions of human capital and work experience that go out the door with layoffs and firings. Also - and notably - they lose out on the potential cooperation of employees if those employees associate productivity improvement with loss of jobs. Productive companies grow. They don't lay off workers. Productive companies invest in their human capital the training and education which will be needed for the challenge represented by new growth. This is what made it possible for Google to go from zero to more than $150 billion in market value in only six years. Some eighty percent of the U.S. economy belongs to the knowledge sector

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