What may explain the rising income inequality in the us

Reference no: EM133660931

Problem: Income inequality in the U.S. is one of the highest among developed countries. The gap between wages of skilled and unskilled workers is also rising. One implicit conclusion from Chapter 5 is that each factor of production gets paid the value of its marginal product. Do you think productivity alone can explain the wage differences in labor market? In your view, what may explain the rising income inequality in the U.S.?

Reference no: EM133660931

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