The labor market is influenced by discrimination from "summary" of The Economics of Poverty and Discrimination by Bradley R. Schiller
Discrimination plays a significant role in shaping the labor market. It affects who gets hired, what jobs they get, and how much they get paid. Discrimination can take many forms, including race, gender, age, and disability. When employers discriminate against certain groups, they limit the pool of talent available to them and may end up hiring less qualified candidates. Employers may also pay different wages to different groups of workers based on discriminatory beliefs. For example, women and minorities are often paid less than their white male counterparts for the same work. This not only perpetuates inequality but also undermines the efficiency of the labor market. By paying workers based on factors unrelated to their productivity, employers distort the allocation of resources and reduce overall economic output. Discrimination can also lead to occupational segregation, where certain groups of workers are concentrated in low-paying or undesirable jobs. This can create a cycle of poverty ...
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