on 22-Mar-2026 (Sun)

While most serious economists have always been skeptical of notions of trickle down
economics — that if the top does well, so does the rest of society — what has happened
in the last third of a century bears testimony to just how wrong that theory is: those in
the middle have had stagnant incomes for a quarter of a century, and the wage of a full
time male worker, adjusted for inflation, is lower than it was forty years ago.