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Congressional Digest September 2023 No. 7 Vol. 102
Factors Contributing to Economic Inequality

Economic Inequality

Pros and Cons of of Economic Equity Reform

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Factors Contributing to Economic Inequality

What could be broadening the income gap?

Several factors potentially have contributed to the change in wage inequality: technological advancement, globalization, wage-setting institutional changes (i.e., the minimum wage, presence of labor unions, and decline in the large firm wage premium), immigration, and declines in job mobility, across jobs in general and geographically. …

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