Question
Different metrics of income inequality tell a similar story in the U.S.: after several decades of narrowing inequality in the middle of the 20 th
Different metrics of income inequality tell a similar story in the U.S.: after several decades of narrowing inequality in the middle of the 20th century, income inequality has been on the rise since 1980. One explanation for this that we have considered is the rise of the shareholder value model of the large American corporation.
(a) There are different (and not mutually exclusive) explanations for why the rise of the shareholder value model is behind increasing income inequality. Describe a cultural explanation for this.
(b) Now, describe a relational explanation for this.
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