Two factors that have contributed to an increase in income inequality are

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Technological change and globalization have significantly contributed to an increase in income inequality. Technological advancements have led to job automation, reducing the demand for low-skilled workers and increasing the demand for high-skilled workers, thus widening the income gap. Globalization has allowed companies to outsource jobs to countries with lower labor costs, which can depress wages domestically and contribute to income inequality.

Two Factors That Have Contributed to an Increase in Income