I recently did a q-and-a with one of my favorite economists, Andrew Smithers, of Smithers & Co. in London. The topic is how much output goes to workers, and how much goes to owners of capital. Not the politics of this matter, but the economics. (Granted, these cannot be considered in every way separate.)
The interview went up at the PBS NewsHour website today, and the link is here.
What Smithers says is relevant to a recent post here about the width of profit margins.
