Question

2. What is one way to help combat the wage gap? Why should this method help? What are some of the issues stopping this method from being implemented? (25 points) (1-2)

Answer 1

The best way to combat wage gap is by passing strict laws against wage discrimination on the basis of gender , age etc . We primarily see that wage gap occurs on the basis of gender . Firms practicing wage discrimination should be heavily penalized and prohibited from doing business .

This method is a legal action against wage gap which will compel firms to abide by the laws if they wish to continue their business and stay in the market .

There are certain economic issues . Usually in labor market a man's potential for work is considered to be more than a woman even if they have same training and education . This law will automatically drive the demand for male workers more and reduced demand for female workers . Firms will try to hire as much men as possible if they have to pay same wage to a man and a woman . So it will be difficult for female workers in the economy to find work and their economical conditions will decline creating more gender gap in education and other fields .