Economic inequality has been mounting in the United States, hitting levels not seen since the Gilded Age. There are numerous explanations for this phenomenon, ranging from the decline of unions and high-paid manufacturing jobs to the rise of globalization, of new technology, and knowledge-based work (what economists call “skill-based technical change”) and the bifurcation of the labor market into high-skill and low-skill jobs.
http://www.creativeclass.com/creative_class/2011/02/25/cities-inequality-and-wages/
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