Which of the following is true about the distribution of income in the U.S.in the last three decades?
A)For much of this period real wages paid to college graduates have risen significantly.
B)Real wages paid to blue-collar workers have grown only slightly.
C)There has been a shift in the distribution in income across various segments of the economy, with the real earnings of the richest in America rising to record levels.
D)All of the above are true.

Question

Quizplus · Accepted Answer

All the statements accurately describe trends in the distribution of income in the U.S. over the last three decades. College graduates have seen significant increases in real wages, blue-collar workers have experienced minimal growth in real wages, and the richest Americans have seen their real earnings rise to record levels, indicating a widening income gap.

Which of the Following Is True About the Distribution of Income