Changes in income distribution in the United Statesover the past few decades have led to an increased sense ofrelative deprivation among U.S. citizens.True_____ False_____
Changes in income distribution in the United States
over the past few decades have led to an increased sense of
relative deprivation among U.S. citizens.
True_____ False_____
True, the changes in income distribution in the US over the past few decades have led to an increased sense of relative deprivation among the citizens. If we compare the income disparity of the US with other countries, the rate of inequality is higher in the US, which keeps rising. There can be seen a large income and wealth gap between various racial groups which could be relatable as a result of the legacy of slavery and racist economic policies the country has been following.
There is a rising level of income and wealth inequality in the US which has become a national debate in recent years. The 2008 Global financial crisis has resulted in a slow and uneven recovery and now there is the economic impact caused as a result of the coronavirus pandemic and has deepened the trends and challenges of the policymakers.
Many of the economists say that the reason for the worsening condition of inequality are very complex and a result of failure to adapt to trends of globalization, technological change, and a shift that has occurred in the tax policy and because of the long - stayed racial and gender discrimination that has been a part of the US society.
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