Asked by
Eddie Armah
on Oct 26, 2024Verified
Much of the rise in income inequality in the past 20 years in the United States comes from:
A) a rising gap among the incomes of highly educated workers.
B) the use of median income levels instead of mean income levels.
C) a predictable rising gap between the incomes of highly educated and less well educated workers.
D) declining government controls on wage supports.
Income Inequality
The disparate sharing of income between households or individuals within an economic structure.
Highly Educated Workers
Highly educated workers are individuals who have attained a high level of education, often including university degrees, and possess advanced knowledge and skills in their fields.
Median Income
The middle income in a list of incomes, where half of the incomes are higher and half are lower.
- Discern the factors that cause the surge in inequality in the United States, including the contribution of technological innovation.
Verified Answer
LL
Learning Objectives
- Discern the factors that cause the surge in inequality in the United States, including the contribution of technological innovation.