Human Capital Devalued Against the Euro
Posted on Tuesday, April 1, 2008 by Frank RocheIn 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.
John Windsor
Apr 1st, 2008
That’s good!
Mark Szypko
Apr 2nd, 2008
Sub-prime humor my friend, though still interesting!
JT
Apr 2nd, 2008
I traded a rookie human capital for a world series year Mike Schmidt and a Nolan Ryan.
Frank Roche
Apr 2nd, 2008
JT, great deal, man. I’d also be on the lookout to trade some human capital for a Mickey Mantle, too.
Frank Roche
Apr 2nd, 2008
Mark, great play on words, amigo!