Fri. Sep 30th, 2022
  

History homework help. Write 10 pages with APA style on Wage inequality in UK. Thus, one viable interpretation, not necessarily the correct interpretation, of the disparities in wage based on gender, race, ethnicity or localities that may be observed in the United Kingdom is that the disparities are due to the differential productivity of labour resulting from differences in gender, race, ethnicity, locality or on how each social group would trade leisure for work. Lately, however, economics have recognized the role of institutional and social factors on how wage rates may differ across social groups based on gender, race, ethnicity, or locality. The institutional or social factors may be a result of discrimination, differential power parity, or political dominance. There is not much theorizing in this area of study by conventional economists and, in the literature, the discrimination, differential power parity, or political dominance is typically not articulated by a comprehensive or fundamental socio-economic theory but by empirical models using dummy variables that represent stratification by any one of the social variables like gender, race, ethnicity, or locality.

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