Question Description

Explain in a few sentences the logic behind each of these theories in accounting the increase in inequality in the U.S. since the late 1970s.

(i) Increasing trade with least developed countries,

(ii) Secular decline in the rate of union rate.

Explain in a few sentences the logic behind each of these theories in accounting the increase in inequality in the U.S. since the late 1970s.(i) Increasing trade with least developed countries,(ii) Secular decline in the rate of union rate.