COA Inequality in Income Distribution Discussion
ANSWER
Title: A Multi-faceted Approach to Addressing Income Inequality
Comment on Colleague’s Point: I concur with Jon that technical development has undoubtedly contributed significantly to the growth of economic inequality. Many regular jobs have been automated due to technological improvements, which have decreased demand for some labour and increased the wage gap between high-skilled and low-skilled workers. Particularly noticeable examples of this tendency are in the industrial and office labour industries. Due to the quick pace of technological advancement, it may be difficult for those with out-of-date skills to obtain career possibilities.
Trade disparities and globalization are the causes of income inequality.
Globalization and trade imbalances are two more significant factors causing income disparity. While the exchange of products, services, and ideas has been facilitated by globalization,
QUESTION
Description
This week we will be discussing inequality in income distribution and your post should include the following:
- You will comment on one of the points made by your colleague – I agree/do not agree with Jon on the fact that…………..because ………………( that does not apply to the student who posts first since there would be no reference to previous posts)
- You will present and expand on one of the reasons why income is distributed unequally (do not repeat the same points.
- You will suggest ways that this factor/ reason which contributes to unequal income distribution, could be improved or eliminated.
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