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6 Main Points Of Wealth Inequality

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According to the book, there are 6 main points that contribute to wealth inequality: 1. The technological revolution makes education much more valuable, reduce the demand for semi-skilled and unskilled workers. 2. The industry layout shift from goods producing to services, which also require highly educated workers. 3. Low unionization rate among industries, the rate continue to drop since the year 1954, which result in widening pay differences. 4. Globalization of the economy causes wage to rise among trading partners and decline among own employees. 5. Restructured workforces of businesses. 6. Public policy changes, the safety net for low-income households gradually diminished, the value of minimum wage has fallen. In my own opinion, I believe

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