Most Americans have heard the term “trickle-down” economics but few have heard of “horse and sparrow” economics. They’re the exact same thing only different names. They called it horse and sparrow for a very indelicate reason…the theory being – if you feed the horse enough oats, some will pass through to the road for the sparrows. Seriously. Well – kids…you’re the sparrows; why do you think they changed the name to “trickle down”? ”Horse and sparrow” started in the late 1800′s…about 35 years before the Great Depression – sound familiar?
The “trickle-down” theory: The principle that the poor, who must subsist on table scraps dropped by the rich, can best be served by giving the rich bigger meals.
~William Blum
Wage inequality at the bottom—called the “50/10 wage gap” because it reflects wage differences between the median and bottom 10 percent—has primarily been driven by periods of high unemployment and the erosion of the minimum wage. The continuing growth of the wage gap between high and middle earners is the result of various laissez-faire policies (acts of omission as well as commission) including globalization, deregulation, privatization, eroded unionization, and weakened labor standards. The gap between the very highest earners—the top 1 percent—and all other earners, including other high earners, reflects the escalation of CEO and other managers’ compensation and the growth of compensation in the financial sector.The Economic Policy Institute does the math:
Reestablishing the link between productivity and pay of the typical worker is an essential component of any effort to provide shared prosperity and, in fact, may be necessary for obtaining robust growth without relying on asset bubbles and increased household debt. It is hard to see how reestablishing a link between productivity and pay can occur without restoring decent and improved labor standards, restoring the minimum wage to a level corresponding to half the average wage (as it was in the late 1960s), and making real the ability of workers to obtain and practice collective bargaining.
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[...] I will not be voting for anyone who advocates for the “Horse and Sparrow” economic theory. If you don’t know what that is – click HERE. [...]
[...] DOESN’T WORK. If you don’t know what “Horse and Sparrow” is – click HERE; you’re in for a [...]
[...] Read more about why it’s called”Horse and Sparrow” HERE. [...]
[...] “Horse and Sparrow”. If you don’t know what that is – you need to read THIS. [...]
[...] We know that the present day income inequality that we are experiencing … and vulnerable middle class can be attributed to “various laissez-faire economic policies” i.e. “smaller government” and “less regulation”. (source) [...]
[...] you don’t know what “Horse and Sparrow” is – you need to read that HERE. [...]
[...] In short – the economic crisis is the result of “trickle down economics” … or as they used to call it “horse and sparrow” right after the Long Recession of the late 1800′s. If you don’t know about that – you need to read about all of that HERE. [...]
[...] And while 84% of Americans are making more money than their parents … this doesn’t factor in cuts in social services and increases in cost of living. So you can make more money today … but have a lower quality of living due to the overall higher costs of living in the modern age. The study showcases just how important a college degree is in pulling oneself out of poverty … but make no mistake about it – this increasing gap between poor and rich is the result of “trickle down economics” aka laissez-faire economics aka “horse and sparrow economics“. [...]
[...] Study: Income Inequality “is the result of various laissez-faire policies” ‹ I Acknowledge Cla…. Like this:LikeBe the first to like this. Tagged with: article, current events, economics, [...]
[...] words – “trickle down” economics doesn’t work. In other words “horse and sparrow” economics doesn’t [...]
[...] have a question for all of the advocates for “trickle down economics” or “Horse and Sparrow” as it was known in the late 1800′s. They espouse this belief that lower tax rates on [...]
[...] man pays you more money. But as Ezra pointed out – not so much. We wrote about this study HERE … the Economic Policy Institute wrote: Reestablishing the link between productivity and pay [...]