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What factors have contributed to increased income inequality since 1969?
Wiki User
∙ 9y ago
Economic disparities in the United States which have been accelerating are due to domestic and macroeconomic realignment globally. Corporate tax rates have decreased resulting in larger income gaps, and less redistribution of capital. The United States economy has also moved to significant service and "rents" based sectors in which tangible goods are not being produced. Another factor is through the rising industrialization across developing economies such as the BRIC states which offer the advantage of lower labor costs as compared to the Western wage brackets.
Wiki User
∙ 9y ago
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