Income Inequalities? Why is this raising?

If you think about the economy you think about the money involved and the debt, and wonder how much debt there is, and why is there so much. Then you think about where is all the money being spent and if not being spent, where is that money, and a number of other questions some of which lead to other questions, among other questions, and there are WAYYYY to many questions we could get into about it, and some are WAYYYY too sophisticated to get into. So, we’ll start with, WHY is there an income inequality.

Well, to be quite blunt with you there are many reason as of why there is an income inequality. But I mean I could give you a start and a number of answers. In the National Bureau of Economic Reasearch they state that "In Controversies about the Rise of American Inequality: A Survey (NBER Working Paper No. 13982), authors Robert J. Gordon and Ian Dew-Becker provide a comprehensive survey of seven aspects of seven aspects of rising inequality are usually discussed separately: changes in labor's share of income; inequality at the bottom of the income distribution, including labor mobility; skill-biased technical change; inequality among high income groups; consumption inequality;geographical inequality; and international differences in income distribution, particularly at the top." So this means that there are 7 basic reasons as of why there is an inequality income and why it's rising.

I’m now going to discuss some of the reason as of why its raising.

One of which is "Changes/Decline in labor's share of income." The change was caused by a number of factors. Some of which were the tech used to create goods and services, increased globalization, developments in labor market institutions.

And another would be “inequality at the bottom of the income distribution”. There’s a lot of people at the bottom who some are making more than others and not getting what they are deserving. Which is unfair but hey, it’s Society.