Each of the Following Has Contributed to Growing Income Inequality

question 94

Multiple Choice

Each of the following has contributed to growing income inequality in the United States since 1980 except

• A)the decline in unionism.
• B)greater demand for highly skilled workers.
• C)stronger international competition from imports.
• D)government transfers.

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Definitions:

Piece-rate Plans

A compensation system where employees are paid based on the quantity of work completed, rather than hours worked.

Gainsharing Plans

Performance-based compensation programs where savings or gains from increased productivity and cost-efficiency are shared with employees.

Share Options

Financial derivative instruments that give the holder the right, but not the obligation, to buy or sell company shares at a specified price before a specified date.

Share Option Plans

Compensation strategies used by organizations to offer employees the option to buy company shares at a future date at a price established when the option is granted, incentivizing long-term commitment.