Trickle down economics didn’t work the last time it was tried to boost America’s economic fortunes by cutting taxes for the rich and corporations, then waiting for that spare change to find its way into the pockets of working folks downstream. But trickle down poverty works better.
Dawn Nasewicz comes from a family of steelworkers, with jobs that once dominated the local economy. She found her niche in retail. She manages a store, Ooh La La, that sells prom dresses and embroidered jeans at a local mall. But just as the jobs making automobile springs and rail anchors disappeared, local retail jobs are now vanishing.
“I need my income,” said Ms. Nasewicz, who was told that her store will close as early as August. “I’m 53. I have no idea what I’m going to do.”
The problem isn’t complex. Unemployed customers are eventually forced to stop buying, particularly things that aren’t absolute necessities. So when the primary driver of a local economy folds or moves, it takes down the secondary economy as well. Forget Abe Maslow’s hierarchy; they need food on the table. Continue reading

