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How Technology Affects The Distribution Of Income Essay

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Research question: What is the effect of technological change on the distribution of income? Provide an example either from history, or a more recent episode

Abstract

This research paper is about how technology affects the distribution of income. In this paper I will be introducing concepts such as income inequality. In order to complete my research paper successfully, I will be analyzing how technological change affected the distribution of income in the United States of America. My research will be based on how technology affected the distribution of income between the 1960’s and the 1970’s. I have chosen that time frame because I thought it would be a good time frame to analyse. The reason behind choosing the time frame is because the country had just recovered from the effects of the Second World War, which took place in the 1940’s and the great depression, which took place in …show more content…

Although economics has not much to offer concerning the nature of patterns between inequality and technological change, it does provide some useful suggestions about the type of income distributions one might study and compare to explore the linkage between technological change and inequality. Thus, under the assumption that the impact of technological on inequality operates primarily through the demand side of labour markets by altering the nature of jobs and therefore of wage opportunities we would expect to see shifts in the inequality of earnings measured across individuals. In contrast, if the impact of technological change has affected inequality primarily as a supply side phenomenon through changes. Indecisions about family size, structure, and labour supply we would expect to see limited changes in earnings inequality measured across individuals, but sizable changes in the distribution of total family income measured across

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