What trickles, if no money moves?
August 31, 2008 11:48 PM   Subscribe

Does trickle-down work? Apparently (and perhaps no surprise to most), no. And neither do high executive salaries equate to higher productivity or desire to push to reach the top.
posted by Kickstart70 (8 comments total)

This post was deleted for the following reason: old NYT op-ed as a post? really? -- mathowie



 
The Gospel of Supply Side Jesus
posted by milkrate at 11:53 PM on August 31, 2008


Is this is a single link post to a NYT article that's over a year old? Yes. Yes it is. Well, if that's the case, I concur and provide the following evidence: crime doesn't pay.
posted by allen.spaulding at 11:58 PM on August 31, 2008 [1 favorite]


You're linking to a NYT article from April of 2007? Which cites John Edwards as an authority?

Seriously?
posted by Class Goat at 11:58 PM on August 31, 2008


Well, DUH!...

No offense meant to your post, Kickstart70, it's just that it should seem obvious by now that voodoo economics is a fallacy.
posted by amyms at 11:58 PM on August 31, 2008


It’s tempting to wonder if the sheer prevalence of enormous C.E.O. compensation packages means that they have some beneficial effect. But academics have found little evidence that higher executive pay leads to better company performance, and the recent study of three thousand companies actually found that the firms whose directors were the most well connected—and which paid their C.E.O.s most lavishly—in fact underperformed the market.

the perverse effects of performance pay are exacerbated by the fact that big bonuses are often based on short-term performance.

in the long run companies that don’t balance pay with performance tend to suffer where it matters most—in the stock market
posted by KokuRyu at 11:59 PM on August 31, 2008 [1 favorite]


Actual empiric research trumps political posturing any day.
posted by KokuRyu at 12:00 AM on September 1, 2008


You're linking to a NYT article from April of 2007?

Yes, and...? It's a good article, and one that has not been posted here before. What exactly is the point you are trying to make? Is trickle-down a historical artifact, no longer in vogue?
posted by Kickstart70 at 12:02 AM on September 1, 2008


Which cites John Edwards as an authority?

...

Fuck it. Never mind. Not playing this game.
posted by Blazecock Pileon at 12:19 AM on September 1, 2008


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