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: The 2.7% gap in Manufacturing included 1.0% due to deflator and 1.7% due to change in labor share. Reasons for the gap
BLS explained the decline in labor share as likely driven by three factors that vary by industry: Globalization: Income that might have gone to domestic workers is going to foreign workers due to offshoring (i.e., production and service activities in other countries). Increased automation: More automation means more share of income attributed to capital. Faster capital depreciation: Information assets depreciate more rapidly than machinery; the latter were the greater share of the capital base in the past. This may require a higher capital share to generate income than in the past.