Is It Possible to Maximize Shareholder Value?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

If you treat your workers badly, you're not getting very good returns for your shareholders. I guess the question though is whether thereis some room to a orcultural constraints on either ceo p or what you have to pay workers. That would be more likely in those places you're talking about. And i think when you have welcome representatives in incompet balds, that that sets limits, a toto to co p and that there's no rea surch limits in the west.

Gabriel Zucman of the University of California, Berkeley talks with EconTalk host Russ Roberts about his research on inequality and the distribution of income in the United States over the last 35 years. Zucman finds that there has been no change in income for the bottom half of the income distribution over this time period with large gains going to the top 1%. The conversation explores the robustness of this result to various assumptions and possible explanations for the findings.