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Seven Reasons for Skepticism about the Technology Story of U.S. Wage Inequality

  • Jared Bernstein
  • Lawrence Mishel
Part of the Plenum Studies in Work and Industry book series (SSWI)

Abstract

One of the most important economic developments over the past few decades has been the persistent increase in the inequality of economic outcomes. Though its rise has slowed over the past few years, family income inequality—the gap between the income of families at the bottom, middle, and top of the income distribution—was much greater in the late 1990s than at any other time in post-World War II America. Naturally, inquiring minds have turned to economists for an explanation of this expansion of inequality. Since labor earnings comprise the bulk of most families’ incomes, analysts have examined the causes of rising wage dispersion to understand what is driving inequality’s inexorable climb since the late 1970s.

Keywords

Wage Differential Wage Inequality Relative Wage Wage Distribution Labor Market Institution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Science+Business Media New York 2001

Authors and Affiliations

  • Jared Bernstein
    • 1
  • Lawrence Mishel
    • 1
  1. 1.Economic Policy InstituteUSA

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