Between 1980 and 2011,income Inequality in the United States Has

question 107

Multiple Choice

Between 1980 and 2011,income inequality in the United States has increased in part due to rapid technological change.How does technological change contribute to income inequality?

• A) Advancements in technology displace skilled and unskilled workers in certain fields, leading to higher unemployment rates.
• B) Technology complements the skills of the well-educated while rendering redundant the labor services of unskilled and low-skilled workers. This causes a decline in the wages of low and unskilled workers relative to other workers.
• C) The opportunity cost of investing in technology is investments in human capital. The resulting decrease in labor's marginal productivity has lead to lower wages.
• D) Technological change favors the owners of capital and since high income individuals tend to own capital, income inequality is further exacerbated.

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Definitions:

Mental Stress

The psychological strain or tension that arises from demanding circumstances, often leading to a range of emotional and physical responses.

Motivational Approach

A strategy or method used to inspire and encourage individuals toward achieving certain goals or behaviors.

Job Involvement

The degree to which an individual identifies with their job, actively participates in it, and considers their job performance as important to their self-worth.

Training Time

The amount of time dedicated to developing skills, knowledge, or competencies required for a specific task or job.