David Lazarus of the L.A. Times reminds us that trickle-down economics is a lie. Turns out Thatcher and Reagan got it totally backwards. Countless others haven’t figured it out 40 years later.
Noteworthy quote: “compensation for American chief executives increased by 940% from 1978 to 2018, while pay for the average worker rose by a miserable 12% over the same 40-year period.”