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The ________ of 1964 made discrimination illegal in the workplace, in federally funded programs, and in privately owned facilities open to the public, but many people were concerned that simply ending a longstanding policy of discrimination did not go far enough.
Human-Capital View
A perspective that treats individuals' skills and knowledge as valuable assets that can improve productivity and contribute to economic growth.
Productivity
A measure of efficiency that calculates the amount of output produced per unit of input, such as labor or capital.
Signaling
An action taken by an informed party to reveal private information to an uninformed party, often seen in job markets and education.
Compensation Scheme
A plan or system used to determine how to compensate or reward employees for their work, including wages, benefits, bonuses, and other forms of payment.
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