Joseph Stiglitz: Trickle-down economics is 'absolutely wrong'

The video discusses the economic policy changes initiated in the 1980s, focusing on tax cuts and deregulation aimed at increasing economic growth. However, these policies have led to increased inequality, with the top 1% and top 0.1% seeing significant income gains. Contrary to the trickle-down economics theory, median income has stagnated, and the minimum wage has not increased in decades, indicating a failed economic system for the majority.

What were the expected outcomes of the economic policies pushed by Reagan in 1980?

How has the share of income going to the top 1% changed since the implementation of trickle-down economics?

What does the text suggest about the effectiveness of trickle-down economics?

What has happened to median income in the United States over the past quarter of a century?

According to the text, what is the condition of the minimum wage in the United States?