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How is it different than trickle down economics? Won’t those coffee shops just be starbucks and grocery stores be Whole Foods and all the profit from them retur
by taurath 6y ago
How is it different than trickle down economics? Won’t those coffee shops just be starbucks and grocery stores be Whole Foods and all the profit from them returned to shareholders?
- xmprt 6y agoWhat's the alternative? Everything stays the same? How would that help their economy?
- missedthecue 6y ago"Trickle down economics" is just an internet slur for supply side economics. It certainly can work out well. A job at Whole Foods would pay a currently unemployed resident of Gary, Indiana a good amount more than he is making at present.
- mcntsh 6y agoThat's a pretty limited perspective. Economic growth doesn't benefit every business and every individual proportionally. I know people in the Bay Area who are worse off now than they were in first dotcom burst because while software engineers might make 300% now of what they made in 2002, an auto mechanic doesn't. For many, wage growth didn't even keep up with the cost of living.