Therefore, even if a comprehensive disclosure form required four to five times as much effort as the EEO-1, the upper bound for the burden imposed by disclosure should be no more than twenty hours per year. When this is contrasted to the present cost to companies of greater employee turnover, misassignment, and dissatisfaction, and the cost to employees and potential employees who now bear the full burden of discrimination, the cost advantage of disclosure appears to be unchallengeable. In Sum Disclosure requirements are consistent with the basic concept of free market economics and capitalism. Disclosure does not demand intrusive government regulation, nor does it force employers to change their hiring and compensation practices. Rather, it recognizes that the invisible hand of self-interest may go astray without the invisible arm of accurate and adequate information.
Disclosure is procompetition, proconsumer, and proworker.
It allows job seekers to compare their options and forces employers to compete legitimately for employees. It allows the government, the media, and the public to bring the forces of public opinion to bear on discriminatory employers. It even allows businesses to become aware of their unintentionally inequitable practices. Instead of a level playing field in which all participants compete evenly, it is skewed substantially in favor of the employer. The employer now has or can readily obtain information needed to make informed hiring, placement, promotion, and compensation decisions.