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Rising Wage Inequality The 1980s Experience in Urban Labor Markets by Thomas Hyclak

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Published by W E Upjohn Inst for .
Written in English

Subjects:

  • Inflation,
  • Business & Economics,
  • Effect of education on,
  • Labor market,
  • Regional disparities,
  • United States,
  • Wages,
  • Business/Economics

Book details:

The Physical Object
FormatPaperback
Number of Pages159
ID Numbers
Open LibraryOL11220198M
ISBN 100880992077
ISBN 109780880992077

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1) For both men and women, the rise in wage inequality appears to have been driven largely by variation in wages, not by vari ation in the hours worked. 2) The rise in wage inequality, coupled with stagnant growth in real median wages, has resulted in a "hollowing out" of the middle range of the wage .   What struck me, reading the book, was that if the homicide rate was a major sign of inequality then it was noticeable that since , the year that inequality really started to grow in .   Is inequality on the rise? Income inequality has risen sharply since the s in most advanced economies around the world, and has been blamed for increasingly polarised politics. Equal Is Unfair is something I would encourage anyone to read regardless of party affiliation, political leanings, or stance on the debate over income inequality. Watkins and Brook have created a comprehensive attack on the traditionally accepted premise that income inequality is per se evil and must be overcome/5.

In the three decades prior to the recent economic downturn, wage gaps widened and household income inequality increased in a large majority of OECD countries. This occurred even when countries were going through a period of sustained economic and employment growth.   How rising inequality hurts everyone, even the rich the American economy has been funneling wealth and income, reverse Robin Hood-style, from the pockets of . In Controversies about the Rise of American Inequality: A Survey (NBER Working Paper No. ), authors Robert J. Gordon and Ian Dew-Becker provide a comprehensive survey of seven aspects of rising inequality that are usually discussed separately: changes in labor's share of income; inequality at the bottom of the income distribution, including labor mobility; skill-biased technical change; inequality .   Income inequality has increased in the United States over the past 30 years, as income has flowed unequally to those at the very top of the income spectrum. Current economic literature largely points to three explanatory causes of falling wages and rising income inequality: technology, trade, and i .

Based on detailed linked employer–employee data, we show that wage inequality is rising strongly — driven not only by real wage increases at the top of the wage distribution, but also by real wage losses below the by: During the early s, earnings inequality in the U.S. labor market rose relatively uniformly throughout the wage distribution. But this uniformity gave way to a significant divergence starting in , with upper-tail (90/50) inequality rising steadily and lower tail (50/10) inequality either flattening or compressing for the next 16 years ( to ).   Rising income inequality is one of the most powerful forces shaping America today, affecting all levels of society. Our news media seldom mention it. Instead we get stories about “skills. Relentlessly Rising Wealth Disparity Threatens To Destabilize Canada: Author If it keeps going like this, Canada will be transformed, and not for the better, warns a Dalhousie : Daniel Tencer.