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: 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. The money saved from outsourcing goods and labor is mainly used to increase the income of top-level executives. Technology
The ever-increasing role that technology plays in our lives is also playing a significant role in income inequality. Over the last 60 years, technology has drastically changed the way of living in the US. The digitalization and augmentation of labor is diminishing job opportunities across the board. Those with a higher education are more sought after to operate or create the software and technology used in the modern world.