Why the trickle down theory does not work too wellThere is this famous theory of economic benefits reaching everyone. It is called the trickle-down theory. It is very simple. If the rich and the middle-class keep buying a huge range of foods and services, everyone gets the benefit. For example, we have huge flats and apartments owned by people who are well-off. Technical and non-technical people like the welders, plumbers, electricians etc find some work in such apartments as something or the other needs to be fixed almost daily. The servant maids also find work there.
But the precise problem is that they have no such benefits like PF or Gratuity and find it difficult to avail of loans also. The trickle-down theory creates lower-level jobs but no job security. We need schemes where the poor can also own a house however small that may be and have a better life. We have such a long way to go.