Over the past several decades, what has happened to the level of economic inequality in the United States?A.It has increased but only slightly.B.It has increased dramatically.C.It has remained about the same.D.It has declined.
Question
Over the past several decades, what has happened to the level of economic inequality in the United States?A.It has increased but only slightly.B.It has increased dramatically.C.It has remained about the same.D.It has declined.
Solution
The level of economic inequality in the United States has increased dramatically over the past several decades. So, the correct answer is B. It has increased dramatically.
Here are the steps to understand this:
-
Economic inequality refers to the disparity in wealth and income among different groups in a society.
-
Various studies and reports, including those from the Pew Research Center and the Economic Policy Institute, have shown that economic inequality has been on the rise in the U.S. since the 1970s.
-
The top 1% of earners in the U.S. have seen their share of total U.S. income nearly double since the 1970s, while the bottom 90% of earners have seen their share decrease.
-
Factors contributing to this increase in inequality include changes in tax policy, globalization, the decline of unions, and technological changes that favor high-skilled workers.
-
Therefore, based on this evidence, we can conclude that economic inequality in the U.S. has increased dramatically over the past several decades.
Similar Questions
Income inequality in the United StatesSelected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.ahas been increasing since the 1970sbhas been decreasing since the 1970schas not changed since the 1970sdhas declined steadily since the 1940sehas risen steadily since the 1940s
According to the "World Social Report 2020", all of the following trends are true, except one. Which statement is NOT TRUE?AUntil 2015, the top 10% of the population held a significant concentration of income and wealth, but since then, there has been a decrease in this concentration.BWhile economic inequality has grown within many countries, inequality among countries is declining in relative terms.CTechnological change can be an engine of economic growth, but it can also exacerbate wage inequality and displace workers.DIncome inequality has declined in most countries of Latin America and the Caribbean and in several African and Asian countries over the last two decades.EI'm not sure
Hacker and Pierson on Economic InequalityVarious scholarly examinations have attempted to explain the widening of the inequality gap over the last generation, and one such study resulted in the book, Winner-Take-All Politics: How Washington Made the Rich Richer – And Turned its Back on the Middle Class (2010), by political scientists Jacob Hacker and Paul Pierson. Please read this book, consult the resources posted on our course site for context, answer ONE of the questions listed below, and reply to at least one classmate. Together we should be able to get a better handle on the topic of economic inequality. Be sure to completely answer the question you choose and provide citations when you paraphrase or quote Hacker and Pierson. You may also wish to supplement this source with other course materials (optional). Have fun!Questions (choose ONE):What is Hacker and Pierson’s argument, and how does it differ from the dominant explanation for economic inequality trends in the United States?According to Chapter 2, how was the winner-take-all economy made?What is the history of “drift” and “mastery” in democratic capitalism during the first half of the twentieth century?Why do the authors argue that the real shift in recent U.S. political history occurred in 1978, not 1968?How did powerful corporations advance their agenda against workers during the Carter and Reagan years?What happened to the influence of mass membership organizations that once brought ordinary voters into politics?How did the Republican and Democratic parties recast themselves during the 1980s and set the stage for the unleashing of the winner-take-all economy?After 1990, how did Republicans contribute to the new winner-take-all economic and political order, and how did Republican Phil Gramm typify winner-take-all politics?Over the course of the 1990s, why did Democrats first accommodate and eventually embrace the winner-take-all economy, and how does Democrat Charles Schumer typify winner-take-all politics?Hacker and Pierson write that in 2008, President Obama “raised huge amounts from wealthy donors and relied on ‘bundlers’ who could assemble networks of big-money contributors” (304), but in Chapter 10, the authors cast him as a committed reformer stymied by an obstructionist Congress engaged in winner-take-all politics. Are the authors having it both ways or not? In other words, is it possible for a true reformer to make it to the top of either major political party today given the necessity of big-money backing?Do the authors offer viable suggestions for moving from drift to renewal and reversing the winner-take-all economy and politics?
ountries with higher rates of economic inequality tend to have:Group of answer choiceshigher rates of imprisonment/incarceration.lower rates of finishing basic education (high school equivalent).shorter life expectancies.all of the above.
Which of the following statements is true about the US in the past 50 years:Choice 1 of 5:Inequality and the poverty rate have both increasedChoice 2 of 5:Inequality and the poverty rate have both decreasedChoice 3 of 5:Inequality and the poverty rate have both stayed roughly the sameChoice 4 of 5:Inequality has decreased while the poverty rate has increasedChoice 5 of 5:Inequality has increased while the poverty rate has stayed roughly the same
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.