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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?

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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.

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