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Author : Eli Ginzberg

 : Human Economy

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The conventional theory is comfortable with its formal demonstrations that the market rewards more liberally those who contribute more; that the market compensates individuals for the expenses they incurred in preparing for work; and that discrimination is largely an illusion, since the employers' interests assure that they will place profits ahead of prejudice.

But the theory runs directly counter to everyday experience, which provides indisputable evidence of a market which endorses large differentials in earnings based on power, not productivity; which makes a mockery of the efforts of many young people to improve their circumstances through education and training; and which reeks with discrimination.


     From : Part 5: Policy, Chapter 14: Conceptual Foundations for Manpower Policy, Page 212.

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     7 -- Added : April 13, 2020

     7 -- Updated : July 04, 2022

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