Question

Discuss the economic forces at work that is causing a rise in income inequality in the...

Discuss the economic forces at work that is causing a rise in income inequality in the U.S.. What are the key spatial components; how is the changing nature of work and the forces of agglomeration impacting income inequality?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Current economic literature largely points to three explanatory causes of falling wages and rising income inequality: technology, trade, and institutions.
Falling labor force participation, stagnating median wages, and declining share of labor income, for example, are all part of current U.S. labor market trends.

While high inequality levels are a limiting factor for long run growth, increasing inequality and increasing agglomeration have the potential to enhance growth in low income countries where income distribution remains relatively equal.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Why is it necessary to analyze pre-tax income shares when post-tax income inequality is what...
1. Why is it necessary to analyze pre-tax income shares when post-tax income inequality is what people actually feel/experience? 2. Explain how changing norms concerning wealth accumulation through inheritance can change the level of inequality through time. How does this interact with earned income to help explain the difference across countries, e.g. the U.S. and France?
[1] Discuss the growing income inequality in the U.S. and the world with someone mature enough...
[1] Discuss the growing income inequality in the U.S. and the world with someone mature enough to have some perspective from experience about it. Ask them what they think about the widening gap between the rich and the rest of us in America, as our course materials speak of this problem. How has the economic trend for middle class Americans affected them? How as it affected you? [2] Two examples of the marketization of society today that Sandel discusses are...
[1] Discuss the growing income inequality in the U.S. and the world with someone mature enough...
[1] Discuss the growing income inequality in the U.S. and the world with someone mature enough to have some perspective from experience about it. Ask them what they think about the widening gap between the rich and the rest of us in America, as our course materials speak of this problem. How has the economic trend for middle class Americans affected them? How as it affected you? [2] Two examples of the marketization of society today that Sandel discusses are...
1) Which of the following is true about income inequality? A) Inequality tends to be greatest...
1) Which of the following is true about income inequality? A) Inequality tends to be greatest in the poorest countries. B) Inequality is not an issue for developed countries. C) Inequality tends to get worse as a country develops. D) Inequality tends to diminish as the population increases 2) Poverty is most likely to decrease when A) Population increases regardless of what happens to economic growth. B) GDP increases regardless of what happens to population growth. C) Population growth exceeds...
What are the two major forces that Dr. Reich suggests that created so much income inequality...
What are the two major forces that Dr. Reich suggests that created so much income inequality from 1979 until now? ( You will need to watch the Reich video all the way to answer both queations 1 and 2.
where and when did economic growth first begin? How much inequality in per capita income was...
where and when did economic growth first begin? How much inequality in per capita income was there throughout the countries of the world a thousand years ago? How much is there today?
Discuss employment and income inequality by gender. How does what we know about gender and college...
Discuss employment and income inequality by gender. How does what we know about gender and college enrollment inform issues of wage and occupational disparities between men and women?
Economic forces can effect public budgeting in many ways. Discuss the following: How does an improving...
Economic forces can effect public budgeting in many ways. Discuss the following: How does an improving economy help public budgets? How does an economic slow down effect public budgets? Can a deteriorating economy actually be beneficial to a municipal government?
1- Income Inequality, Poverty, and Discrimination affect the economy. Discuss their impact and what should be...
1- Income Inequality, Poverty, and Discrimination affect the economy. Discuss their impact and what should be done by the government - if anything. 2- Also, remember that when discussing the economy - efficiency must be addressed.
please make response 5 sentences or more, thank you!! :) Myth of income inequality in US...
please make response 5 sentences or more, thank you!! :) Myth of income inequality in US Although US is the largest economy in the world, some says it is one of the worst income inequal countries among the industrialized countries and Income inequality in US is not improving. Q1) Does this claim have any truth in it? If so, discuss it with specific economic data. Does the new Trump Tax cut make income inequality worse?(0.5 point) Q2) Some says “...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT