Economic Issue Assignment Example | Topics and Well Written Essays - 250 words

Economic Issue - Assignment ExampleIn other words, as competition increases in the market, the cost of labor becomes of essence. Considering that the discriminatory employers would go for particular employees who necessarily do not guarantee the least cost of labor, the result is that their business is likely to have higher labor cost as compared to businesses of non-discriminatory employers. Eventu eithery, labor dissimilarity will decline as business which discriminate find it serious to operate in a competitive market where cost of labor plays a critical role.Employer discrimination may still persist despite efforts to break down barriers and introduce competition for two important reasons. First, it is almost impractical to create perfectly competitive markets. This is based evidenced by the decade foresighted continuity of labor market discrimination in high-income countries. As regards to developing counties, monopolistic power is instead of essence, which permits indulgen ce in market discrimination. Secondly, even though competition lives on in virtually all markets, it is not by itself a sufficient reason for the elimination of discrimination. Therefore, market discrimination in a competitive market will still exists as long as all the employers have a taste for