Friday, January 29, 2016
Eric Bejarano. Chapter 5. Question #4
In this chapter the author discusses information and how the availability of information affects our lives. In particular the morality of insurance policies and medical procedures are taken into question. The idea is that insurance companies won't want to give sick people medical coverage if they find out that they are sick or prone to sickness. As the insurance companies are businesses they want to maximize profits. He also applies these ideas to the hiring process. The author believes that if more information is available then discrimination will be less prevalent. In the text he uses the example of young women being hired by different firms. He states that the logic behind the firm's discrimination makes sense. Being as women are more likely to take time off to be at home with children, the firm's will be required to pay for the women's maternity leave. Although firm's don't know if the women even want to have children they must assume that they will as statistics suggest that they are more likely to have children than not. I would agree with the author's logic and reasoning. Although I don't agree with the morals behind this discrimination, I definitely see why firm's would do this in order to maximize profits.
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