Sunday, May 20, 2018

The market provides its own punishment for irrelevant discrimination

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.

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