Question

What is most likely behind the growing wage gap in the United States? Select one: a....

What is most likely behind the growing wage gap in the United States?

Select one:

a. A decrease in the real value of the U.S. minimum wage and taxes on luxury goods

b. Expansion of food assistance programs and limited job opportunities for people without a college degree

c. Limited job opportunities for people without a college degree and a decrease in the real value of the U.S. minimum wage

d. Taxes on luxury goods and expansion of food assistance programs

e. None of the above

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Homework Answers

Answer #1

Option C.

  • Limited job opportunities for people without a college degree and a decrease in the real value of the U.S minimum wage is most likely reason behind the growing wage gap in the United States.
  • In US, there is a larger gap between rich and the poor and also between people with degree and without a degree which has increased the wage gap between different people of the same society.
  • The inflation rate in US is very high, which decreases the real value of the US minimum wage as it decreases the amount of goods and services the dollar can buy which is another reason why there is a wide wage gap in US.
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