Human Capital Theory

Education has always been at the forefront in creating the ideal member of society. Pursuing academic endeavors is what we are often told to be the blueprint for attaining the American dream. From adolescence to early adulthood, all Americans are taught the importance of education. The human capital theory is a concept that suggests investments in education, job training and marketable talents will lead to increased knowledge and generate higher wages for the individual. In relation to poverty, the more human capital our society has, the fewer cases of poverty we will endure. While this may be a convincing argument, there is often a bias that occurs in the eyes of the law for individuals that possess significant human capital. White collar …show more content…
This allows those with higher status and education to attain higher forms of income with significantly less initial human capital. Due process of the law for those of higher human capital committing white collar crimes is far less severe. Legal costs associated with white collar crime actually surpass those of its blue collar counterpart. It may be more expensive, but the affordability of legal counsel is what is troubling. Having the right to an attorney and being assigned a public attorney in case of not being able to afford a private one is in our Miranda rights. Public defendants are often restricted on the amount of resources given to pursue cases. On average, less than “five percent of any white collar cases where defendants used public defense attorneys,” which shows that when facing legal troubles regarding white collar crimes, the cost of legal counsel is of no concern. For all white collar crime in 2015, “the average sentencing rate is a little over two years,” and “3 million in fees and losses,”. Having the luxury to seek your own personal counsel due leaves those who are more educated and well of a leg up when it comes to due process of the