ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a decline in unions.
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a shift in employment from the manufacturing to the service industry.
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lessening wage advantages for the well educated.
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a shift from married-couple families to single-parent families.
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Detailed explanation-1: -Policies that directly reduce income inequality The range of employment-related policies includes strengthening collective-bargaining rights, full-employment schemes, living-wage policies, stronger minimum-wage laws, and wage subsidies.
Detailed explanation-2: -Less equal societies have less stable economies. High levels of income inequality are linked to economic instability, financial crisis, debt and inflation.
Detailed explanation-3: -Major determinants of increased income inequality include market reforms, the rise of private capital, and relatively low levels of income redistribution.
Detailed explanation-4: -Raise wages and other benefits. Make the income tax system more progressive. Cap the ratio of top executive pay to worker’s pay. Raise the tax on carried interest. Remove or reduce home mortgage interest deduction. More items •11-Feb-2021