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Understanding U.S. Income Inequality
This chapter explores the growing income inequality in the United States, tracing its roots back to educational attainment issues that began post-Vietnam War. It highlights how rising education costs and changes in the labor market, particularly due to foreign competition and technological advancements, have exacerbated wage disparities. The discussion also sheds light on the transformation of American manufacturing, the challenges of job displacement, and the potential for future moderation in income inequality.