In “The Economics of Inequality”, author Thomas Piketty focuses on demonstrating how inequality emerges over time and how businesses analyze part it. Piketty mentions that most of low-pay families are family units living on little annuities, frequently comprising of one individual, while high-wage family units are by and large couples, regularly with two workers and youngsters living at home, showing how income inequality is dependably essentially more prominent than wage inequality. In the service sector Piketty goes in detail with the difference between capital and labor, how having more labor than capital the economy as a whole would utilize more employees. Also mentions substituting labor and capital or vice versa is more in depth with
