Do Free Markets punishes companies that discriminate?

[Joshua Farrell]

Gary Becker, an American economist, argues that the free market punishes companies that discriminate. The idea is that companies that discriminate in their hiring process hurt themselves by not hiring the best job applicants available. As a result, they cannot compete with competitors that do not discriminate. What do you think? Does the free market punish companies that discriminate?

 

[eldavis]

I do not know if the free market punish them or not but he has a point in what he has said. Most companies loose out on some of the best workers simply cause they are selective.

 

[Niyi Briggs]

It is true. When an organization sacrifices meritocracy for nepotist, they wouldn't be able to have the best pool of workers and won't be able to compete.

 

[Shavkat]

It is possible if his company is not coping up with the competitors. The company will suffer because the best employees were hired by its competitors. It does not mean that he cannot uplift his company from misery. He just needs to do the same hiring trend.

 

[uptrendfinancialsignal]

Discrimination is totally unacceptable and should be found out from any organisation