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date: 03 April 2020

Abstract and Keywords

Deemed one of the major concerns of our time, income inequality has been on the rise for decades. While there is ample discussion and a vast body of knowledge already written on the subject, the focus of this chapter is on tracing the geography of rising inequality starting in the 1970s. An absence of support to maintain a middle class, an erosion of the value of wage labour, and stagnant minimum wages are a few of the many reasons for rising income inequality. Data show that inequality is highest in areas where there are growing disparities in the difference of employment opportunities between high- and low-income families. Evidence also suggests income and wealth gaps go hand in hand. If you do not own anything now your chances of ever owning anything in the future are bleak despite the pacification accorded the American dream. While this chapter highlights events and policies within the USA, rising income inequality is a significant global issue.

Keywords: income inequality, disparity, wealth, wage inequality, the great recession, economic geography

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