"Trickle-down effect" depicted correctly: https://hachyderm.io/@maaikees/116567657791292837

#TrickleDownEffect #LLM #TrickleDownFallacy #TrickleDownEconomy #TrickleDown #Capitalism #AI

« In 1985, the COTI stood at 30 — the median male worker needed thirty weeks of income to afford a house, a car, health care, and education. By 2018, the COTI had increased to 53—a full-time job was insufficient to afford these items, let alone the others that a family needs. A generation ago, the worker could be confident in his ability to provide his family not only with the basics of food, clothing, and shelter, but also with the middle-class essentials of a house, a car, health care, and education. Now he cannot. »

https://americanaffairsjournal.org/2020/02/the-cost-of-thriving/

#Inflation #CostOfLiving #CostOfThriving #Reagonomics #TrickleDownFallacy