Tag Archives: NBER

Unequal Companies=Income Inequality

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I’ve talked often about the abrogation of the social contract that obtained between companies, their employees, and their communities.  That schism- advocated by Dr. Milton Friedman– has been accompanied by the erosion of the US middle class and the flattening of wages (except for corporate executives).

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What happens when you choose the wrong study upon which you base your actions…

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Big data. Correlation vs. causation. Most people think that it’s imperative that we harness big data to find any correlations that exist. Without once determining what the theory is that could substantiate the correlation. (If you check back to my 19 April post, you will find the references to determine what is wrong with this concept.)

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