Friday , June 22 2018
Home / Mises institute Canada / The market provides its own punishment for irrelevant discrimination

The market provides its own punishment for irrelevant discrimination

Summary:
My letter to the Mercatus Center: Re: Should hot workers subsidize ugly ones? Excellent points by Omar Ahmad Al-Ubaydli, but aren’t all forms of irrelevant discrimination self-correcting and self-penalizing? If a company hires only beautiful workers and ignores ugly ones who may be better qualified, won’t this company suffer in the market place? Same with height, etc. If the stockholders of a company accept lower dividends because they like the idea that their company employs lots of beautiful people, so what? They are the ones deciding to accept lower dividends. In other words, let the market work and leave people alone.

Topics:
Patrick Barron considers the following as important:

This could be interesting, too:

Patrick Barron writes China’s Currency Manipulation Does NOT Harm Its Trading Partners

Doug French writes Trumping to Serfdom

Patrick Barron writes Unilateral Free Trade Would Benefit All UK Citizens

Patrick Barron writes The EU elite are ignorant of the true meaning and importance of “comparative advantage”

My letter to the Mercatus Center:

Excellent points by Omar Ahmad Al-Ubaydli, but aren’t all forms of irrelevant discrimination self-correcting and self-penalizing? If a company hires only beautiful workers and ignores ugly ones who may be better qualified, won’t this company suffer in the market place? Same with height, etc. If the stockholders of a company accept lower dividends because they like the idea that their company employs lots of beautiful people, so what? They are the ones deciding to accept lower dividends. In other words, let the market work and leave people alone.
Patrick Barron
Patrick Barron is a private consultant to the banking industry. He has taught an introductory course in Austrian economics for several years at the University of Iowa. He has also taught at the Graduate School of Banking at the University of Wisconsin for over twenty-five years, and has delivered many presentations at the European Parliament.

Leave a Reply

Your email address will not be published. Required fields are marked *