What Explains the Growing Income Disparity Between Wealthy and Poor

question 31

Essay

What explains the growing income disparity between wealthy and poor since the 1970s? How did liberals and Tea Party conservatives each explain the growing income disparity between the wealthy and poor since the 1970s?

---

Definitions:

Fallacy Of Logic

An error in reasoning that renders an argument invalid or undermines the argument's logical structure.

Ceteris Paribus

Ceteris paribus is a Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable change in the study of a phenomenon.

Inductive Reasoning

A method of reasoning in which general conclusions are drawn from specific observations or instances, often used in scientific and philosophical contexts.

Single Factor

In economics, a variable or input that is considered in isolation to evaluate its impact on an outcome or process.