In: Economics
Write an essay on labor market discrimination, using the
knowledge that you have about your country or in general with
reference to the following:
a. The depth of occurrence and trends over the past years.
b. Explain how labor discrimination may affect economic performance
of your country or in general.
c. Some policy suggestions on how discrimination's can be
eliminated.
Labor market discrimination is the discrimination of workers based on their caste, religion, sex etc. it has been present in various countries. There has been wage discrimination, caste discrimination among the labor in India.
There were different wages decided for female workers and male workers. Females were paid less because they are assumed to be less productive and on the other hand, male workers generally had a higher wage rate. Under caste discrimination, people from few castes are not even given employment. And even from those who had been employed, were discriminated on the basis of their castes. The discrimination of labor market has been hindering the growth of economies. When there is less labor available in the market who is actually working, there will be low national income and thus low GDP. This means having more employment when there is no discrimination would have more income in the economy as a whole and thus contribute to the development of economy.
Steps that can be taken to remove such discriminations are-