Discrimination is inefficient from "summary" of Capitalism and Freedom by Milton Friedman
The concept that discrimination is inefficient is a fundamental principle of economics. In a free market economy, resources should be allocated based on productivity and efficiency, rather than arbitrary characteristics such as race, gender, or religion. Discrimination hinders this process by preventing individuals from fully utilizing their skills and talents. When employers discriminate against certain groups, they are effectively limiting the pool of available talent. This not only harms the individuals who are discriminated against but also the overall economy as a whole. By excluding qualified individuals based on irrelevant factors, businesses are missing out on potential employees who could c...
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