The Low Paying Jobs That Have Replaced Good Ones Is The "Trickle" In Trickle Down Economics

[TheMastersNemesis]

Since Reagan the jobs that are available have steadily declined in value and life sustainability. The jobs that R$R will create will be mostly overseas. What the working class in the US will have are what I have called "food stamp" jobs. By that I mean that after you work your part time job or jobs because there will be fewer full time jobs after you get your paycheck you will still be able to qualify for food stamps.

The problem is that their won't be any food stamps or the food stamps will be so paltry that you might get a loaf of bread for your water. That is if it is clean. The only other option is that you will have to go to your church if you have one to get charity.

[hobbit709]

1. the only thing that trickles down to us is warm, wet, and yellow.

[ck4829]

2. Banana Republicans

[JHB]

3. 'Trickle Down' dismantled the mechanisms that accomplished the 'trickle (and better)'

Lower tax rates were sold with the notion that the money would be used for modernizing industry (here) and making us more competitive. What it really did was provide ready cash to fuel mergers, Wall Street wheeler-dealing, and moving production to Mexican maquiladoras and elsewhere. It changed the math on employer decisions on reinvestment: when high profits are highly taxed it makes more sense to put excess resources back into the company, and also changes the 'carrots and stick' math on employee incentives ('carrots' become a better use of resources when profit taxes are high). And that was just from reducing the top marginal rate from 70% to 50% (a 'communist' level, according to the current GOP).

Deregulation and union-busting reduced employees' leverage for getting higher wages.

'Trickle Down' is the theory that you can run a car by calling the cushion of the driver's seat 'the engine' and then collecting all the lubricants there. And being surprised when that big noisy hunk of whatever under the hood seizes up.