Keyword Analysis & Research: income inequality

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What is "income inequality" really means?

Income inequality is how unevenly income is distributed throughout a population . The less equal the distribution, the higher income inequality is. Income inequality is often accompanied by wealth inequality, which is the uneven distribution of wealth.

What are the major causes of income inequality?

Income inequality has increased in the United States over the past 30 years, as income has flowed unequally to those at the very top of the income spectrum. Current economic literature largely points to three explanatory causes of falling wages and rising income inequality: technology, trade, and institutions.

What is the best solution to income inequality?

Make state tax systems less regressive. ... Expand Medicaid under the Affordable Care Act. Raise the minimum wage and index it to inflation. ... Protect workers' rights. ... Improve unemployment insurance. ... More items...

What factors influence income inequality?

5 reasons why income inequality has become a major political issue Technology has altered the nature of work. The digital revolution creates enormous wealth for those with the skills and preparation to take advantage, but it eliminates what economists call "middle-skill" ... Globalization. ... The rise of superstars. ... The decline of organized labor. ... Changing, and breaking, the rules. ...

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