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The Tom Woods Show

Ep. 1232 Are Workers Getting Shafted?

The Tom Woods Show

Tom Woods

Politics, Government, News

4.83.4K Ratings

🗓️ 4 September 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

We hear on a regular basis that workers, whether because of free trade, or capitalism generally, or whatever other institution or trend, are getting the short end of the stick. An ever-smaller share of national income is making its way into workers' pockets. But is that really true? Gene Epstein joins me to get to the bottom of this question.

Show notes for Ep. 1232

Transcript

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0:00.0

The Tom Woods Show, episode 1232.

0:03.1

Prepare to set fire to the index card of allowable opinion.

0:07.7

Your daily dose of Liberty Education starts here, the Tom Woods Show.

0:14.3

Hi, everybody, Tom Woods here.

0:15.9

Very glad to welcome Gene Epstein back to the program because he just knows so darn much about so many

0:21.4

important things. I got to one of these days, not this time, but one of these days, we got to,

0:25.5

next time he's on maybe, because we got too much to talk about today. We got to talk about the time

0:29.4

I met Gene Epstein, because that's a story. So we're going to come back to that one. But what we're

0:35.9

going to talk about today is the question of the share of income, national income, that's going to workers.

0:42.1

Because the claim is that the relative position of workers is deteriorating.

0:47.5

We've heard this over and over again, whether it's because of free trade or tax policy or whatever it is, workers are really suffering, relatively speaking,

0:57.5

at least. So we want to take a look at that assertion and see what we can make of it,

1:03.0

see how accurate it really is. Gene Epstein, as you know, is formerly of Barron's, the nation's

1:09.3

premier financial publication.

1:16.2

He is currently the director of the Soho Forum, which we'll talk about in just a minute.

1:17.2

Just a wonderful thing.

1:27.6

They have such amazing debates, and it's such a great social event also for libertarians in the New York City area to network and get to know each other.

1:31.5

Let me also say a word for my friends over at Free Talk Live.

1:33.4

I've been recommending you check them out.

1:37.8

They have an amazing call-in radio show for libertarians,

1:43.0

but that is listened to by a lot of regular people because they're out there on a lot of standard radio stations.

1:50.4

You can also listen to them as a podcast, but they've got a three-hour call-in show every day, and they are radical and a lot of fun and really smart. So check them out at listen.com, and I think you'll enjoy what they have to say. All right,

...

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