Trump Top Adviser Refers To American Working Class As ‘Human Capital Stock,’ Saying It’s Ready To Go Back To Work

Using language reminiscent of what one might read in a George Orwell novel, a White House adviser sparked outrage with categorization of America’s workers.

CBS news reports:

“Kevin Hassett, a top economic adviser to President Donald Trump, sparked indignation after saying that the nation’s ‘human capital stock’ is ready to return to work, with critics calling the term ‘dehumanizing.’

Despite the backlash, the term is standard in economics, and refers to the labor force or workers. Yet the incident points to the disconnect between economists’ technical vocabulary and the stress that many unemployed or furloughed workers are experiencing amid the coronavirus pandemic.

‘Our capital stock hasn’t been destroyed — our human capital stock is ready to get back to work, and so there are lots of reasons to believe that we can get going way faster than we have in previous crises,’ Hassett said Sunday on CNN.”

For the rest of the story, visit CBS News here.

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