Title: Causes of income inequality in the United States - Wikipedia
Headings: Causes of income inequality in the United States
Causes of income inequality in the United States
Main article: Income inequality in the United States
Contents
Divergence of productivity and compensation
Overall
Analyzing the gap
Reasons for the gap
Market factors
Globalization
Superstar hypothesis
Education
Skill-biased technological change
Race and gender disparities
Incentives
Stock buybacks
Tax and transfer policies
Background
Income taxes
Taxes on capital
Other tax policies
Debate over effects of tax policies
Transfer payments
Tax expenditures
Other causes
Shifts in political power
Decline of unions
Political parties and presidents
Non-party political action
Immigration
Wage theft
Corporatism
Neoliberalism
See also
References
Further reading
External links

Content: It wasn't until 2006 that the US imported more manufactured goods from low-wage (developing) countries than from high-wage (advanced) economies. Inequality increased during the 2000–2010 decade not because of stagnating wages for less-skilled workers, but because of accelerating incomes of the top 0.1%. Author Timothy Noah estimates that "trade", increases in imports are responsible for just 10% of the "Great Divergence" in income distribution. Journalist James Surowiecki notes that in the last 50 years, companies and the sectors of the economy providing the most employment in the US – major retailers, restaurant chains, and supermarkets – are ones with lower profit margins and less pricing power than in the 1960s; while sectors with high profit margins and average salaries – like high technology – have relatively few employees. Some economists claim that it is WTO -led globalization and competition from developing countries, especially China, that has resulted in the recent decline in labor's share of income and increased unemployment in the U.S. And the Economic Policy Institute and the Center for Economic and Policy Research argue that some trade agreements such as the Trans-Pacific Partnership could result in further job losses and decl