Several factors have contributed to the shrinking size of the American middle class after the early 1970s. One of them includes "the emergence of the low-wage service sector."
Other factors that contributed to the shrinking size of the American middle class during this period include:
Greater demand for higher-skill jobs;
The huge income gap between the high paid executives and employees in the middle ranks;
Fewer opportunities for those with little education.
Global competition and advancement in technology;
Surging education fees, health care, and housing cost;
Hence, in this case, it is concluded that the middle class in the United States is smaller today compared to the time before 1970.
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A U.S. federal government agency established in 1865 to aid freedmen<span> (freed slaves) in the South during the Reconstruction era...
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<span>To obtain evidence for criterion validity.</span>
In an economic downturn, Adam Smith would expect the "invisible hand of the market" to regulate the economy. The term "invisible hand" was coined by Adam Smith in his book "The Wealth of Nations." In it, he explains that free market automatically reaches its own equilibrium, with little to no government intervention.
John Maynard Keynes has a different approach to economic downturns. In the Keynesian theory, he believes that the economy does not self-regulate, and needs a governent interference in order to prevent or minimize economic downturn. According to Keynes, the main cause of economic downturns is insufficent aggregate demand. To reverse this, artificial demand must be created.
The correct answer is ulnar loop. The ulnar loop is at the
the little finger’s same side in which consist of one delta, has one or more
than one ridges that enters the print in one side and has the capability
existing from only the side that is the same.
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