Sunday, August 7, 2011

During the two decades leading up to the new millennium, wage inequality in the United States increased?

substantially. That is, high income workers saw their salaries increase substantially while wages of lower income workers stagnated of even fell. Using the logic ot marginal revenue product, give an explanation for this change in distribution of income. In your answer you may want to consider the rise of the high tecnology, high skill sector and the decline of industries requiring low skill labor.

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