Which of the following helps explain growing income inequality in the United States in recent years?
Multiple Choice
Reduced immigration.
Increased demand for highly skilled workers.
The falling labor force participation rate of women.
Increased power of unions.
Increased demand for highly skilled workers.
because of this, the difference in the income of high skilled
versus low skilled has increased
Which of the following helps explain growing income inequality in the United States in recent years?...
The increased income inequality in the United States since 1975 has been caused by I. a greater demand for highly-skilled workers II. demographic changes III. increased international competition from imports IV. an increase in the number of unionized jobs
During the past 30 years, income inequality in the United States has increased in part due to rapid technological change. How does technological change contribute to income inequality? A.Technology complements the skills of the well−educated while rendering redundant the labor services of unskilled and low skilled workers. This causes a decline in the wages of low and unskilled workers relative to other workers. B. The opportunity cost of investing in technology is investments in human capital. The resulting decrease in...
Outsourcing, immigration, and the gains of the super-rich are the most common reasons for the income inequality in America. Tyler Cowen disagrees: The problem is largely the lack of education. To date, outsourcing is not yet common enough to have much effect. Immigration doesn't account for much of the change in the wages paid to unskilled workers since 1950. Advances in technology raises the incomes of highly skilled workers. Inequality will be reduced if more people undertake education. Immigrants to the United States include...
Consider the following model of the labor market in the United States. Suppose that the labor market consists of two parts, a market for skilled workers and the market for unskilled workers, with different demand and supply curves for each as given below. The initial wage for skilled workers is $20 per hour; the initial wage for unskilled workers is $7 per hour. a. Draw the demand and supply curves for the two markets so that they intersect at the...
The United States is increasingly outsourcing jobs to India which means that work is done in India rather than in the United States. For example, the Indian firm Tata Consultancy Services, which provides information-technology services, increased its work force by 70,000 workers in 2010 and expected to add 60,000 more in 2011 ("Outsourcing Firm Hiring 60,000 Workers in India," San Francisco Chronicle, June 16, 2011). As a result of increased outsourcing, wages of some groups of Indian skilled workers have...
Census data on the income distribution among families in the United States in recent years shows Select one: a. both rich and poor people's incomes growing at approx. the same rate b. the rich getting an increase in income, but the poor getting even larger increases in income c. show the "poor" gaining in income relative to the rich d. the rich getting richer while the poor get relatively poorer e. the gap between rich and poor becoming narrower
All of the following are reasons why labor force participation has dropped in recent years (since 2008) EXCEPT: Select one: a. Many people are retiring at an earlier age O b. More women are deciding to become housewives instead of working O c. Many former workers were discouraged by the recent recession (2008-09) and stopped looking for a job d. People are staying in college longer instead of joining the labor force e. People are living for a longer period...
1- In the United States, ____________________ supply nearly all of the drinking water in rural areas. 2- The TFR of a country is often increased by ____. a. a society in which children are important in the labor force and to help with daily tasks b. decreased immigration c. greater urbanization and reduced population density in rural areas d. higher average age at marriage and availability of birth control e. pollution and economic decline in both rural and urban areas...
Can I get help with this queshtion. Heres the article i was not sure in what category they will have to be in. This was the only way to post it and it starts where it says THE QUESHTION STARTS FROM HERE. The Economics of Immigration Paul Krugman In 1970, only 5% of U.S. workers had been born abroad. By 2016, however, 17% of American workers had immigrated to the United States, both legally and illegally. (1) Figure 1: Percentage...
54. Since 1929, the income inequality in the United States has A. been unchanged B. decreased from 1929 to 1970 and then increased from 1970 to today increased from 1929 to 1970 and then decreased from 1970 to today. D none of the above 55, The slope of the line of absolute equality is equal to one for the True False Extra Credi 56. Who are the payers for healthcare in the U.S.? A. Medicare. B. Medicaid. Private health insurance...