Causes are still causes, but comments like "that's capitalism for you" implies that such causes are the root problem, rather then the problems merely being a temporary side effect.
Not to mention, his analysis is only sufficient in its incompleteness. His examples and support lack context and seem to imply a static trend without any consideration for changing circumstances. For instance, he mentions about how cheap overseas labor has undermined the American worker. A fair point, except instead of expanding on it, he merely accepts this as a final, static conclusion. It does not seem to occur to him to take into consideration that wages are rising quite rapidly in many of these low income nations. The best evidence for this is in the explosion of the population of the global middle class, which is set to reach just a hair under 5 billion people by 2030, a
272% increase. As the world becomes increasingly wealthier, the supply of cheap labor begins to shrink to the point where jobs in the US, with its technological advantage and an abundance of cheap domestic gas, will become increasingly competitive. Evidence of this is already emerging if one just opens up his/her horizons a bit. Point is, he is taking a 2D view in a 3D world.