SOCIOL 2RR3 Lecture Notes - Lecture 7: American Sociological Review, Meritocracy, Information Asymmetry
Our individual attributes and knowledge that determine what we get and why even if we lived in a perfect meritocracy, there is still problems with this image of society operating on these principles. Refers to dif culties of how the quality of goods in a market can be determined in the absence of perfect information. : information asymmetry between buyers and sellers in a car market (akerlof, Challenged our understanding of what skills are required to do a job and how we learn those required skills. The problem of quality of applied to labour market. Certi able requirements can be easily meausred, quanti ed, or proven by an authorizzed third-party (shen, 2015: 3) include things like a diploma or licenses that verify that an individual possesses some job-related knowledge of skill. Non-certi able skills are those qualities that are not easily measured or quanti ed or proven by an authorized third-party (shen, 2015: 3) such as loyalty, determination.