Explain the reasons for rising income inequality in the United States. If there are arguments countering a reason, explain these arguments as well.
Explain the reasons for rising income inequality in the United States. If there are arguments countering a reason, explain these arguments as well.
Chapter10: Labor Markets And Income Distribution
Section: Chapter Questions
Problem 11SQP
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Explain the reasons for rising income inequality in the United States. If there are arguments countering a reason, explain these arguments as well.
Chapter 7 fromThe Textbook:
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The term income inequality indicates the extent to which income is ununiformly distributed throughout the population in a country. Economists generally divide the population based on income, gender, location, and occupation to study the level of income inequality. The Gini index is a metric developed by the Italian statistician to study the level of income inequality in a population across the globe.
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