Economic Race and Gender Essay Example | Topics and Well Written Essays - 500 words

Economic Race and Gender - Essay Example In the chapter five of the book, the writer laments on certain differences that exist in certain quarters of the working fold. In some sectors of the economy, males are actually paid much more than females for the same piece of work done – something the writers lament about. But they are however skeptical and hopes very little for a change pointing to the fact that contracts between employers and employees are mostly kept secret and between the two parties and so evidence for litigation, justice and fairness in issues of difference in occupations and earning are mostly not encouraged. The human capital model is further considered in chapter six of the book. Reviewing beyond the book, Polachek (2004) explains that â€Å"human capital model predicts a smaller gender wage gap as male-female lifetime work expectations become more similar. According to the writers, human capital is the most essential resource for the running of all organizations, institutions and offices – thus the labor market. This means that there is no way the labor market can be sustained or grown without the inputs it gets from the labor market.