200. Exploring the Pareto Principle

<p>In this episode, we investigate the principle set forth by Vilfredo Pareto (an Economist born in 1848) which specifies that 80% of consequences come from 20% of the causes, asserting an unequal relationship between inputs and outputs. This principle serves as a general reminder that the relationship between inputs and outputs is not balanced. The Pareto Principle is also known as the Pareto Rule, the 80/20 Rule, or the Matthew Principle. </p><p><br /></p><p>Jordan often uses the principle to demonstrate the harsh reality that inequality is not a simple issue, and therefore has no simple answer.</p><p><br /></p><p>...