Post-A-Day: Day 4
Umair Haque (@umairh) shared the following chart on Twitter today. Take a look at what happens to work stoppages from 1980 to present and compare it to the corresponding change in income for the top 5% of Americans in the same time frame. (Displayed in red in the second graph.) Do you think this is causation or correlation? (Consider the political changes that occurred at that time — with Reagan taking office — before answering that question.)
Income Growth by Income Group 1960 to 2000.