Billionaires Add $2.7 Billion to Fortunes Daily, Shows Trickle-Down Isn't Real
"Trickle-down has not only failed. Trickle-down was always a lie," Nabil Ahmed, Oxfam America's director of economic justice, told Insider.
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"Trickle-down has not only failed. Trickle-down was always a lie," Nabil Ahmed, Oxfam America's director of economic justice, told Insider.
Despite layoffs at major companies, small private companies are hiring. Robust job numbers are one big reason that we're not in a recession yet.
Industries like hotels and railroads are far from recovery. Insider looked at which groups are still below their employment level from February 2020.
Inflation is falling, hiring is still robust, and all of that means that a looming downturn may never actually come this year.
The consume-price index was up 6.5% in December from the same time a year ago, well below November's 7.1% rate.