Of course there will always be some low paying jobs. At the same time, there will always be some people who don't do what it takes to get a good paying job. It pretty much evens out. In fact, I have not met one person who didn't deserve the lifestyle they are living, whether it be good or bad.
For the record, someday most low paying jobs of today will be taken over by robots tomorrow.
Anyway, more interestingly, you need to define "fully participate" for me. I don't know what you mean by that.
And trickle down capitalism has never been implemented. Democrats are against it, but Republicans don't try and implement it either.
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.