Globalization of the economy has contributed to a significant decrease in wealth and income inequality in the United States.

Question

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Globalization has actually contributed to an increase in wealth and income inequality in the United States, as it has allowed companies to outsource jobs to countries with lower wages and fewer labor protections, leading to a decline in middle-class jobs and an increase in low-wage work. Additionally, globalization has facilitated the movement of capital across borders, which has disproportionately benefited wealthy individuals and corporations.

Globalization of the Economy Has Contributed to a Significant Decrease