Yet, mainstream economists who assume a free market economy take the position that government antidiscrimination legislation and policies are unnecessary. Use their theoretical argument/model/reasoning, including their behavioral assumptions of employers and employees to explain why.
b) Explain the comparable worth doctrine, why it emerged, and its relationship to occupational segregation. Explain how comparable worth could be measured and why proponents claim comparable worth its needed despite the Equal Pay Act of 1963. What are the arguments against comparable worth by its opponents?
Solution A
Economists believed antidiscrimination practices are unnecessary by Government as free market economy evolves stricter competition and promotes equality based on skills and performance and causes the workforce to becoke skilled and productive to recipient of employment opportunities. This in turn creates benefits for employers with lower cost of hiring additional manpower and high efficiency and capacity utilisation and thus win win situation. The quota systems thus too gets eliminated and supply is met by demand causing no inflationary wages in economy.
Solution B
Comparable worth doctrine aims to ensure pay equity for both men and women for work requiring comparable skills, responsibilities and efforts. It is related to occupational segregation where female dominated occupations earn lower wages than male dominated occupation in a way that both sexes namely men and women must be awarded equal pay for similar compared job.
Comparable worth is measured based on demanding ability of jobs and their core responsibilities and according to it payscale is determined equally for both men and women and hence is must alongwith equity pay Act which only determines equal wages.
Proponenets claim Advantages includes higher economic opportunities for women of different ages and at same time ensures transparency and fairness.
The opponent claim disadvantages like higher cost to employers for administration and litigation and cumbersome difficulties in establishing the Act.
a). Discrimination in the labor market is considered a labor problem in American society. Yet, mainstream...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...