The global economy has resulted in the poorer people in society seeing a decrease in their incomes and the wealthier seeing an increase in their incomes.

Question

Quizplus · Accepted Answer

This is a well-documented trend in recent decades, as globalization and technology have led to increased competition for low-skilled jobs and a concentration of wealth in the hands of a small percentage of the population. While there have been gains in overall global prosperity, the benefits have not been equally distributed, leading to a widening income gap between the rich and poor.

The Global Economy Has Resulted in the Poorer People in Society