Title: Causes of Income Inequality in the United States | Stocks and Coffee
Headings: Causes of Income Inequality in the United States
Causes of Income Inequality in the United States
Income Inequality Causes
Globalization
Technology
US Government and Monetary Policies
Final Thoughts

Content: It helps developing countries by increasing their access to products and services. It also helps underdeveloped countries modernize and gain better job opportunities. On the flipside, globalization can remove job opportunities in developed countries like the United States. This is because US companies can outsource their labor to other countries and pay much less in wages. If all the production moves out of the United States, the job opportunities will go along with it. A study conducted by the National Bureau of Economic Research found that globalization is directly increasing income inequality in the US. The study looked closely at the pay of top executives that benefit from globalized commerce. Researchers that took part in the study Wolfgang Keller and William W. Olney (2018) had this to say on their findings: “ Overall, these results indicate that globalization has played a more central role in the rapid growth of executive compensation and US inequality than previously thought.” It’s simple to understand, if you are a business owner, you will cut costs to improve your bottom line, and labor is a significant expense.