The Labour Market: Workers, Wages, and Unemployment - The Labour Market - Trend 3: Widening wage inequality

4 important questions on The Labour Market: Workers, Wages, and Unemployment - The Labour Market - Trend 3: Widening wage inequality

What has happened to income inequality in the U.S.?

Widening income inequality has occurred, increasing the gap between highest-paid and lowest-paid workers.

What has happened to the income of low-skilled workers?

Real income for low-skilled workers has declined or remained stagnant.

How have high-skilled workers fared in comparison to low-skilled workers?

Income for high-skilled workers has seen significant growth.
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What factors drive the widening income gap?

Key drivers include education levels, technological change, and labor market shifts.

The question on the page originate from the summary of the following study material:

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