What contributes to the growing income inequality in the United States?

Question

Londyn Banks

Social Studies

3 March, 03:57

What contributes to the growing income inequality in the United States?

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Jensen Sparks · Answer 1

Income includes the revenue streams from wages, salaries, interest on a savings account, dividends from shares of stock, rent, and profits.

The growth of income inequality in the United States has grown over the years and the contributing factors includes:

1. Technology: Here it focuses on the large wage premiums for workers with high levels of education and skills.

2. Trade: Here the 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 that contributes to the income inequality.