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These laws against discrimination have reduced the gender wage gap. A study by the Department of Labor in 2007 compared salaries of men and women who have similar educational achievement, work experience, and occupation and found that the gender wage gap is only 5%.

In the case of the earnings gap between blacks and whites (and also between Hispanics and whites), probably the single largest step that could be taken at this point in U.S. history to close the earnings gap would be to reduce the gap in educational achievement. Part of the answer to this issue involves finding ways to improve the performance of schools, which is a highly controversial topic in itself. In addition, the education gap is unlikely to close unless black and Hispanic families and peer groups strengthen their culture of support for educational achievement.

Affirmative action is the name given to active efforts by government or businesses that give special rights to minorities in hiring and promotion to make up for past discrimination. Affirmative action, in its limited and not especially controversial form, means making an effort to reach out to a broader range of minority candidates for jobs. In its more aggressive and controversial form, affirmative action required government and companies to hire a specific number or percentage of minority employees. However, the U.S. Supreme Court has ruled against state affirmative action laws. Today, affirmative action policies are applied only to federal contractors who have lost a discrimination lawsuit. This type of redress is enforced by the federal Equal Employment Opportunity Commission (EEOC) .

An increasingly diverse workforce

Racial and ethnic diversity is on the rise in the U.S. population and work force. As [link] shows, while the white Americans composed 78% of the population in 2012, the U.S. Bureau of the Census projects that whites will be 69% of the U.S. population by 2060. The proportion of U.S. citizens who are of Hispanic background is predicted to rise substantially. Moreover, in addition to expected changes in the population, diversity is being increased in the workforce as the women who entered the workforce in the 1970s and 1980s are now moving up the promotion ladders within their organizations.

Projected changes in america’s racial and ethnic diversity

The graph shows how populations of various ethnicities are predicted to change by 2060. The percentage of whites is expected to drop from 78% to 69%. The number of blacks is expected to increase from 13% to 15%. The number of Asians is expected to rise from 5.1% to 8.2%. The number of NHPIs is expected to rise from 0.2% to 0.3%. The number of AIANs is expected to rise from 1.2% to 1.5%. Additionally, the number of people who identify with two or more races is expected to rise from 2.4% to 6.4%. The number of non-Hispanics is expected to drop from 63% to 43%. The number of Hispanics is expected to rise from 17% to 31%.
This figure shows projected changes in the ethnic makeup of the U.S. population by 2060. Note that “NHPI” stands for Native Hawaiian and Other Pacific Islander. “AIAN” stands for American Indian and Alaska Native. Source: US Department of Commerce

Fortune-telling is not economics, but it still can be clarifying to speculate about the future. Optimists argue that the growing proportions of minority workers will knock over remaining discriminatory barriers. The economy will benefit as an increasing proportion of workers from traditionally disadvantaged groups have a greater opportunity to fulfill their potential. Pessimists worry that the social tensions between men and women and between ethnic groups will rise and that workers will be less productive as a result. Anti-discrimination policy, at its best, seeks to help society move toward the more optimistic outcome.

Questions & Answers

any tip for igcse economics exam?pls
Stacey Reply
well
The
What is a market
Divine Reply
what are the variables that affect demand
Divine
what are the variables that affect demand
Divine
what are the variables that affect demand
Divine
what are the variables that affect demand
Divine
what are the variables that affect demand
Divine
price of the related goods 2 price of the given commodity 3 income of the consumer 4 taste and preference 5 expectation in the future price
John
pls the taste and preference
Nas
explain briefly
Nas
a consumer taste and preference commodity changes for a time the man becomes
John
sorry sorry
John
is when the price of a commodity becomes high and can't afford example Samsung instead of iPhone
John
consumers who have high intense for goods will purchase the goods even if the price of that commodity increases because he or she preferred that commodity.people will be prefer iphone as its price increase
Yussif
as usual bad taste of preference is when a consumer regrets from one commodity to another in terms of the price
John
thanks alot
Nas
you're welcome
John
#Preference; #Income #Test
Dereje
#price Of Commodity #Income #Taste #Preference
Dereje
#Market is The Place Where Buyers And Sellers Are Exchanging Their Goods And service. #
Dereje
difference between macro and micro economics
Lawrence
Microeconomic Study about individual consumers market But Macroeconomis Study General economic Process Such As #Aggregate Demand #Aggregate Supples #GDp= #GNp
Dereje
nice so can u run down a brife discussion on GDP
Lawrence
pls can someone differentiate between the perfectly elastic, perfectly inelastic and unitary
yhar Reply
and then again pls what are the types of elasticity, the methods of calculating it thank u
yhar
Perfectly inelastic is when the coefficient is equal to zero Unitary is when the coefficient is equal to one But am not sure if we have perfectly inelastic
John
I'm kind off confuse abt the PED, IED and co are they the types of elasticity we've
yhar
Yh the types are price elasticity cross and income elasticity of demand
John
do we've specific formulaes to calculate for each of them
yhar
yes. PED. changes in quantity demanded divided by changes in price
Vealmurugan
so pls what's the general name given to unitary, elastic n inelastic ? are the names given to the final result after doing the calculations?
yhar
P2-P1÷P1×100or Q2-Q1×Q1×100 PED
John
***tutor2u.net/economics/reference/price-elasticity-of-demand
Vealmurugan
They are elasticity coefficient
John
@John I don't get u well pls
yhar
whichone
John
P2-P1÷P1×100or Q2-Q1×Q1×100 PED @john pls tis is what m talking abt
yhar
Yh is the formula for PED
John
Pls are you having a for PED
John
thank u very
yhar
dy
Jobang
what is economics
Tayyeb
economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative use
John
is a science which study human behavior as a relationship between ends and scarce means which have alternative uses
Divine
yes this is because economic provide a body of knowledge on human economic principles under theories and these theories can be verified with real world data using science method in other words it was scientific method in arriving at solution identification of problem or basic data collection among
John
unitary ElasticWhen Elasticty =1 Perfectily Elastic When 0<1 inelastic when 0>
Dereje
Pls is anyone having the NovDec questions?
John Reply
No
Emmanuel
what is micro economics
Rakesh Reply
What is PPF
Endam
Production Possibility Frontier
John
It refers to a curve or graph which shows the possible contributions of maximum alternative of commodity that can be produced in an economy
John
thanks
Endam
Thanks John talkx of defination pls
Endam
I don't get you
John
guys Any One With Novdec Questions 2019?
Diana Reply
what did Adam Smith introduce?
Sunday Reply
what is supply
Awunyo Reply
supply relationship shows that the higher the price, the higher the quantity supplied. 
SDADY
what are the dissadvantages of large scale production
Atanga Reply
depreciate of quality taste
Kosiso
Some of the Disadvantages are:- 1. Production not according to individual Tastes 2. Monopoly 3. Not Flexible 4. Over-Production 5. Heavy loss and Dislocation 6. Decline of Cottage and Small Scale Industries 7. Adverse Effect on Labourers 8. Unequal Distribution of Wealth
Asrar
And what can be the advantages too
Enow
1.adequate satisfaction 2.reduce importation
Yussif
Reduce importation how pls
Enow
the country will have enough products.this will reduce the level of government expenditure on imported goods especially
Yussif
Some of Advantage 1. Division of Labour 2. More Production 3. Use of machines 4. Low Cost of Production 5. Standard Goods 6. Advertisements and Salesmanship
Asrar
Some of its disadvantages are : (i) Less Supervision (ii) Individual tastes ignored (iii) Absence of Personal Element (iv) Possibility of depression (v) Dependence on Foreign Markets (vi) International complications and war (vii) Cut-throat Competition (viii) Less Adaptability
Kalu
what are the types of trade cycle
Kenny Reply
depression
DG
explain the following 1.supply 2.mobility of labour 3.why the demand slope downward from left to right
Theresa Reply
Mobility of labor is a the movement of labor (people) geographically or occupationally
Olotu
What is Supply
Kamodu Reply
Supply is quantity of a comodity which is presented in the market for sell on fixed price
Mahwish
what is economy
Jacob Reply
Economy is defined as the efficient use of resources
Thomas
explain merits and demerit of economic
Portia
What is Unemployment?
Prince Reply
unemployment is a situation where an individual is easily and ready to render services but resources are not available.
Phelix
Unemployment refers to individual who are employable and seeking a job but are unable to find a job or doesn't have a job. To find the unemployment rate in a given economy, you must divide the unemployed people by the total number of employed people in the work force. Indicator of economy's status.
elkanah
unemployment is The level of joblessness in an economy, often measured as a percentage of the workforce. Unemployment was reported at 5.2% in May, up from 4.9% in April
ANNOR
Pls wat are the factors that influence unemployment
Olotu
just trying ⚠ factors that affect unemployment - the rate of imported inflation - interest rates - levels of investment
Wallace
what is rational behavior
Aaron Reply
James what is nationalisation
Awunyo

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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