What kind of investment in human capital should you make to


Recall that "human capital" refers to skills and expertise that workers develop. General human capital is that which makes a worker highly productive in potential jobs with many different employers. Specific human capital is that which makes a worker highly productive with only a single employer.

What kind of investment in human capital should you make to increase your bargaining power with an employer, general or specific? Why? Do valuable outside options enhance or diminish your bargaining power?

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