19.92 Gary S. Becker

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1992 Gary S. Becker "for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour" Becker recognized that people (employers, customers, and employees) sometimes do not want to work with minorities because they have preference against the disadvantaged groups. He goes on to say that discrimination increases the cost of the firm because in discriminating against certain workers, the employer would have to pay more so that work can proceed without them. If the employer employs the minority, low wages can be provided, but more people can be employed, and productivity can be increased.[20]