I read an article in BusinessWeek that talked about income inequality in the US.
The article attributed the difference due to the Intel chip that came in 1971. Since that time big hi-tech companies grewhave grown in US, which caused income growth among wealthy people and also didn't lead to a relatively large growth in jobs because a lot of work was outsourced to places like China.
To what extent is this explanation valid in the US... or is it insignificant in accounting for the income differences between the rich and the poor?