RESPONSE REQUIRED ASSIGNMENT （Typing pls） Income Distribution in the United States Many students are concerned about...

RESPONSE REQUIRED ASSIGNMENT

（Typing pls）

Income Distribution in the United States

Many students are concerned about income inequality in the United States. We have an economic goal of reducing this gap. Let’s give some thought to possible actions or policies that might reduce such income distribution gaps.

What would happen to the gap if we just enforced the Mexican border, allowing only legal immigration?

Solutions

Expert Solution

As the above graph suggest, there is very high income inequality in US.

Possible actions or policies that might reduce such income distribution gaps

1. High tax rates for individuals earning higher.

2. Increase in minimum wages.

3. Investing in education (subsidies to poor families).

4. Reservations for poor families.

What would happen to the gap if we just enforced the Mexican border, allowing only legal immigration?

If this is enforced, then mexican employees will be reduced, improving the condition in US. Income inequality will reduce.

People coming from mexico are ready to work at a lower wage. This creates problems and increase income inequality.

Rahul Sunny answered 2 months ago

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