Social and Behavioral Sciences Commons^™

Contending Theories Of Wage Determination: An Intersectoral Analysis Of Real Wage Growth In The U.S. Economy, James Sheffield

Pursuit - The Journal of Undergraduate Research at The University of Tennessee

In recent years, social movements and popular media have drawn attention to the issue of income inequality in the United States. This growing inequality in the distribution of income is often seen as a function of stagnating wage growth in the U.S. economy. There appears to be a fairly broad consensus among commentators that wage growth for many workers in the U.S. has stagnated in recent decades, though the precise causes and implications of this trend are a matter of considerable dispute. Some see it as a function of stagnant productivity growth, while others attribute it to the declining strength …