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Reply to "The Rich Are Not Rich Because the Poor Are Poor"

Stanky posted:

It might be a good time to understand the differences between causation and correlation:

https://www.youtube.com/watch?v=VMUQSMFGBDo

Often times people use the correlation of who's the president when something happens instead of looking at the events happening in the world at the time and finding causation. I remember during that time the economic stagflation that gripped the economy. I also remember the labor turmoil of the era with hard feelings on both sides as companies tried to curtain labor costs while labor tried to stay ahead of inflation by asking for large pay increases. It was an era of shoddy workmanship by American automakers that resulted in the bailout of Chrysler Corp. and the ascendance of the Japanese car companies. Many factories closed and union jobs disappeared during that time.

Decrease in Union workmanship equals decrease in quality. Worker's pay remains stagnant. CEO pay goes up 300%. Companies failed to invest in workers and instead put that money into management.  Imagine that. Causation and correlation. Another Republican talking point falls by the wayside.


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