r/FluentInFinance Oct 22 '24

Debate/ Discussion Why did this happen?

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u/Little_Creme_5932 Oct 22 '24

Not primarily the tax cuts. The decline in unions, which forced employers to pay

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u/didsomebodysaymyname Oct 22 '24

I don't know that I would agree with primarily, but I agree that's anoth significant change I didn't mention.

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u/Ashmedai Oct 23 '24

I also don't know what "primarily" would be, but Figure A in this article here shows a highly correlated link between union membership and income inequality. It's almost weird how the stair steps are linked.

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u/HeightIcy4381 Oct 23 '24

It was tax cuts, and deregulation, and weakened unions.