Human Capital Devalued Against the Euro

In response to the subprime mortgage crisis in the U.S., coupled with the international trade deficit, the Federal reserve announced today that Human Capital has fallen to its lowest level in 7 years.

“We’ve decoupled the value of Human Capital from the Euro,” said Federal Reserve VPHR Ignatius D’Uomo. “We’re still buying into Human Capital, but we’re worried that it’s not going to hold against other world currencies.”

Human Capital was introduced in 2001. It replaced the Employee, which was valued at 1/100 of a Human Capital. Twenty years before that, the Employee (also known as the Associate in some places) became worth 17 Workers. In total, 1,700 Workers = 1 Human Capital.

“We have to be vigilant about a run on Human Capital,” said Mr. D’Uomo. “Otherwise, one day Human Capital is worth something, and the next day it’s worthless.”

We’ll continue to monitor this very serious situation with the Human Capital at KnowHR. What we don’t want to see is Human Capital used as a gasoline additive or food preservative.

About the Author

Frank Roche

Frank started IFRACTAL over 7 years ago with Sarah Chambers. Together, they've created HR communications and HR software for some of the world's leading companies. Frank is also studying Flamenco guitar and origami.

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