Approximately 70% of employer’s expenses consist of labor costs. An employer that hires only females can save 20 cent per dollar compared to one that only hires men. Since a female worker saves the company 20 cents per dollar, she is performing equally to a man – to a lower cost. Since marginal benefit versus marginal cost for women is 20 cents higher than the ratio of men, there should be a clear incentive for hiring women. There has been a major discussion over the passed years about the questions around whether women and minorities are being wage-discriminated on the basis of their sex/ethnicity. This paper will elaborate on the part of women. In the 1950’s one third of the US workforce was made out of women compared to today where two thirds are females. Apparently, this can be seen as a result of more women entering the labor market, whether they are proactively or reactively introduced to the market. According to McDowell & Thom in Principles of Economics (2006), some......
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Approximate Word Count: 977
Approximate Pages: 4 (260 words per double-spaced page) |