Title: 5 reasons income inequality has become a major political issue
Headings: 5 reasons why income inequality has become a major political issue
5 reasons why income inequality has become a major political issue
Technology has altered the nature of work
Globalization
The rise of superstars
The decline of organized labor
Changing, and breaking, the rules

Content: “That has increased the value of abstract problem solving, interpersonal communication, organization skills — things that highly educated workers tend to be very capable of,” said MIT professor David Autor. “ It has simultaneously devalued a lot of cognitively repetitive tasks in offices (and) on production lines. That has contributed to downward pressure and wage pressure and economic insecurity for the less educated.” Globalization
Competition from rising economies like China’s, combined with reduced trade barriers, have further reduced prospects for American workers without advanced skills. That has produced devastating consequences for workers in sectors such as textiles, furniture and leather goods. “The biggest economic story of the last 50 years has been China going from a poor and backward country, in perpetual political and economic crisis, to a frontier manufacturer with pretty well educated, highly available skilled labor using modern technology,” said Autor. “ That’s primarily a function of internal developments in China — the decision to allow free mobility of labor, to adopt Western technology and foreign direct investment, and to start trading throughout the world. “That had a big effect on the United States even in the 1990s prior to China’s joining the World Trade Organization,” he added. “ But when China joined in 2001 that further opened the floodgates, and had a dramatic accelerant effect on the rate at which competition entered the U.S. market for manufactured goods.” The rise of superstars
Breakthrough firms such as Apple and Amazon can attract revenue across the world on a scale far larger than in previous generations.