EDUCATION COSTS AS AN INVESTMENT IN HUMAN CAPITAL

At the stage of the post-industrial development of social production, human capital becomes the basis for obtaining incomes for most of the population in the form of wages. It determines the standard of living in a region or country, which, in turn, is a reflection of the level of development of productive forces and the nature of production relations. The fall in real incomes of the population observed in recent years is an objectively observed risk of violation of the conditions of a decent life and free human development guaranteed by Art. 7 of the Constitution of the Russian Federation. The study results show a directly proportional relationship between the level of education, the level of income of the population in the form of wages, and the quality of life in a post-industrial society, which explains the relevance of the topic of this study. This dependence weakens at the mcso-level of the economy, but retains its importance at the mini- and micro-level, although it is limited by subjective factors associated with the labor market's instability. (C) 2021 Published by EuropeanPublisher.