Income inequality

a. Please explain the factors that have contributed to increased income
inequality since 1969,
i. Discuss each of the following as it contributes to increased income
inequality.

1. Greater demand for high skilled workers
2. Demographic changes
3. International trade, immigration, and the decline of unionism
4. The great recession of 2007
5. Any other factors that you can identify
   b. What are 6 results of the growing income inequality in America.
   c. What can we do to correct this growing problem?
   i. For each of the items listed above, discuss what might be done to
   eliminate the problems that cause growing income inequality
   d. Explain how discrimination reduces domestic output and income,
   i. Look at the items under Discrimination in the notes and discuss how
   each contributes to the reduction of domestic output and income.
   e. Explain the difference between Social Insurance Programs and Public
   Assistance Programs, and give 3 examples of each

Sample Solution