During the two decades leading up to the new millennium,
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During the two decades leading up to the new millennium, wage inequality in the United States increased substantially. T
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During the two decades leading up to the new millennium, wage inequality in the United States increased substantially. That is, high-income workers saw their salaries increase substantially while wages of lower-income workers stagnated or even fell. Using the logic of marginal revenue product, give an explanation for this change in the distribution of income. In your explanation, you may want to consider the rise of the hightechnology, high-skill sector and the decline of industries requiring low-skill labor.
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