Productivity may not account for all of the wage disparities and growing income inequality in the United States. Discrimination, education, globalization, and legislation are all factors that can have an impact. The salary disparity between CEOs and average workers is also significant. Productivity is an important factor in labor-market wage disparities, but it is not the only one. Tax policies that favor the wealthy, as well as a decline in unionization, can both lead to rising income disparity. Changes in skilled labor demand, globalization, technology, and government policy can all contribute to the United States' expanding wealth gaps.
Productivity may not account for all of the wage disparities and growing income inequality in the United States. Discrimination, education, globalization, and legislation are all factors that can have an impact. The salary disparity between CEOs and average workers is also significant. Productivity is an important factor in labor-market wage disparities, but it is not the only one. Tax policies that favor the wealthy, as well as a decline in unionization, can both lead to rising income disparity. Changes in skilled labor demand, globalization, technology, and government policy can all contribute to the United States' expanding wealth gaps.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST8: Earnings Differences Between Men And Women
Section: Chapter Questions
Problem 2CQ
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Productivity may not account for all of the wage disparities and growing income inequality in the United States. Discrimination, education, globalization, and legislation are all factors that can have an impact. The salary disparity between CEOs and average workers is also significant. Productivity is an important factor in labor-market wage disparities, but it is not the only one. Tax policies that favor the wealthy, as well as a decline in unionization, can both lead to rising income disparity. Changes in skilled labor demand, globalization, technology, and government policy can all contribute to the United States' expanding wealth gaps.
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