Asked by habibatou diallo on Apr 28, 2024

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Increases in income inequality in the United States are partially attributed to:

A) equal and rising increases in the salaries of low-wage workers.
B) the impact of technological innovation on the demand for labor.
C) a reduction in the effect of international trade on the economy.
D) stricter immigration policies.

Income Inequality

An imbalanced dispersion of income among participants in an economy on a household or individual basis.

Technological Innovation

The process of developing new technologies or improving existing ones to enhance productivity, efficiency, or overall value.

International Trade

The exchange of goods, services, and capital between countries and territories, influencing global economic activity.

  • Recognize the elements that lead to increasing disparities in the United States, particularly the impact of technological evolution.
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Zybrea KnightMay 04, 2024
Final Answer :
B
Explanation :
Technological innovation has led to a decrease in the demand for low-skilled labor, which has resulted in lower wages for these workers and higher wages for high-skilled workers. This has contributed to increasing income inequality in the United States. The other options (A, C, and D) are not supported by evidence and are not significant factors in explaining the increasing income inequality in the US.