Question:What are the two major forces that Dr. Reich suggests that created
so much income inequality...
Question
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.
Answer: the two major forces that Dr. Reich suggests that
created so much income inequality from 1979 until now are:
· the 1 % richest population of
America holding 9 % of the income which has now increased to one
quarter of the total income of economy means 10% people have 90% of
the income of economy while rest of the 90% have only 10% income of
the economy. it has increased the inequality many fold.
the middle class which is not so
efficient to keep economy growing as the power purchasing power of
middle class has been reducing while the number of middle class
people is increasing which is also one of the major reasons of
inequality