21st Century Lesson: Talent now more scarce than Capital

[Cross-posted from the iMedia Kentucky blog]

Capital is no longer the undisputed 'scarce resource' of the economy, and accordingly, its power over talent has dramatically waned.

That's the lead quote from the lead article in the latest issue of the Rotman School of Management's magazine, which is themed, appropriately enough, "The Future of Capital." Other articles are "Value Conversion of Intangible Assets," and "Making Talent a Strategic Priority."

The Kentucky Council on Postsecondary Education's Jim Applegate speaks to this issue in an iMedia Kentucky podcast (right side of the blog, available when you take the feed) when he suggests that attracting remarkable talent to the commonwealth will "create wealth," not just jobs.