Describe the comparable worth controversy?
Although a comparable worth pay system may help eliminate wage discrimination, many economists are critical of such a pay system. They argue there are many subtle differences between jobs that help explain wage differentials that have nothing to do with discrimination. Economists do not deny the negative consequences associated with discrimination. But, they do argue that a bureaucratically administered comparable worth pay system may offer little, if any improvement. Most economists favor other methods to address discrimination.
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With a given level of GDP, a decrease in the size of population would cause:
A) GDP per capita to decrease. B) life expectancy to decrease. C) GDP per capita to increase. D) life expectancy to increase.
In the loanable funds market, if the interest rate is above the equilibrium level
A) there is a shortage of loanable funds. B) there is a surplus of loanable funds. C) expected profit falls. D) government expenditure decreases.