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.

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