From the perspective of the human capital theory, what is the role of education?

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It does not affect the skills or productivity of employees.It enhances workers' skills and leads to higher earnings.It transforms every employee into an exceptional performer.It merely allows companies to classify employees by ability levels.It primarily benefits employers by reducing training costs.

Explanation

According to human capital theory, education improves the knowledge and abilities of workers, which in turn raises their productivity and wages. It goes beyond simply sorting employees or turning everyone into top performers.