The article says, there are a few theories, but none of them really satisfies.
You're right to suggest it's really multiple reasons that need to be considered to get the full picture. They're interconnected. Gov policies weaken unions. Weak unions allow corporation to take advantage of workers, at the behest of wall street. Money gets concentrated, gov policies get bought. The cycle goes on. In this way, we can say the effect is systemic, and fixing the issue will take undoing most, if not all, of the causes.
> But we should always be suspicious of complex, multi-factorial explanations for trend breaks on a chart. That wage stagnation started and ended suddenly enough that it cries out for a simple story. We just don’t have one yet.
Although I don't really understand that at all. It seems like simple singular solutions should be the ones we're suspicious of.
You're right to suggest it's really multiple reasons that need to be considered to get the full picture. They're interconnected. Gov policies weaken unions. Weak unions allow corporation to take advantage of workers, at the behest of wall street. Money gets concentrated, gov policies get bought. The cycle goes on. In this way, we can say the effect is systemic, and fixing the issue will take undoing most, if not all, of the causes.