Quote:
Originally posted by cthulu23
I find it hard to understand how a general decline in the purchasing power of the middle and lower classes can be spun as economic success. Why has this decline coincided with periods of economic growth? Where is the promised trickle-down? I hate to repeat the same thing over and over, but no one has so far answered that question. Supply-side is supposedly a way to generate wealth for all citizens...where is it?
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Real wages does not necessarily equate to purchasing power and is not the sole determinant of wealth.