Question 1
The recent income distribution in U.S. indicates that the top 20 percent of the population earn above fifty percent of the aggregate income whereas the bottom 20 percent get 3.4 percent of the aggregate income. The main benefit of this unequal income to the economy and society is that it fosters economic growth (Krueger 8). The top 20 percent who receive more than half of the total income play the vital role of creating more jobs in the economy in terms of doing mega investments. The majority bottom 20 percent receiving the meager income own the skills required in ...