Trickle Down Salaries
Most government programs, non-profits, and for-profit corporations are tackling income inequality through a bottom-up approach: creating social services to help those most in need, whether it’s UBI or Medicaid and donating to reputable charities and organizations like food banks or the ACLU. While important, these programs work to ensure a bare-minimum quality of life in a developed country, while ever so slightly improving a person’s chance of achieving the American Dream. The programs address the symptoms of poverty, but do little to overcome the barriers for an individual to excel in America, and rise from the bottom 10% to the top 10%. The data shows it’s clearly not enough, as the income inequality gap is only getting worse . Therefore, I propose a top-down approach, to address income inequality, Trickle Down Salaries . Trickle Down Salaries is simple in concept. Companies can improve the income earning potential of socio-economically disadvantaged minorities by paying them more, ...