solution sapped in part of an offensive distraction from us getting back to the questions of where do we get political power and how do we assure whatever wealth gets created is distributed so this level of inequality isn t possible. reporter: back at the rally, these advocates agree, crypto may not be a panacea, but they say it s still worth the risks. i guess we should be skeptical. but us staying here where we are is unacceptable. we have to move forward. we have to move forward with the best with the world we create period. the advocates i spoke with says, if you are interested in getting into crypto, couple things, one, research, research, research, never put in more than you can afford. they say that even though there is no magic bull tote cut down the racial wealth gap, crypto could be another tool in the arsenal in the economic revolution. halle. did anything in the course you were reporting on this surprise you as you were
a merger economist especially since the global financial crisis. well i don t think that income inequality has significantly increased over the past ten years look at china for example sure the level of inequality in china is huge much higher than in the united states for example but over the over the past ten years the income level has increased a lot and we have seen the emergence of a middle class in china and these are arguments for for a decline in income inequality and also globally you can clearly see that income inequality on a global level has declined do you to the emergence of asia ok so if inequality isn t the biggest problem since the global financial crisis we suddenly see that emerging market currencies have come under enormous pressure do you think there s a connection between the financial crisis. i think the main reason
inequality. he didn t talk about how our corporate governing laws allow the ceo s to take a larger and larger share of the corporate pie. he didn t talk about how the financial sector has preyed on the poorest americans, predatory lending, abuse of credit card practices, he was really being very conciliatory. right, as is his way. that s his sort of signature talk. and talking about important things. raising the minimum wage. that s very important, although he couldn t get it through congress. i ll have to do it by executive ord order. let me ask you this. it seems to me part of the mismatch is, when it comes down to it, inequality isn t something that can be solved by technocratic policies. it s a problem of power.
he didn t talk about how the financial sector has preyed on the poorest americans, predatory lending, abuse of credit card practices, he was really being very conciliatory. right, as is his way. that s his sort of signature talk. and talking about important things. raising the minimum wage. that s very important, although he couldn t get it through congress. i ll have to do it by executive order. let me ask you this. it seems to me part of the mismatch is, when it comes down to it, inequality isn t something that can be solved by technocratic policies. it s a problem of power. who has power in this society and who doesn t? that s right.
a fortune, shuttling between mansions is really from the minds like elizabeth warren and robert reich. do you think they re hurting the cause of american society? i think they re misleading the american economy. what s really driving inequality isn t so much inherited money. it s marriage. compared to say the 1950s, a wealthy man is more likely to be married to a high income woman than back then. if you make $100,000 a year, $200,000, very likely you have a spouse in roughly the same income bracket. that s driven a lot of the difference in income and net worth. so you are what we found too from your study here, the highest income earners only 13% of them are not working. yeah. they tend to be employed and very, very high numbers. that s the main difference between high income households and low income households is that high income households are made up of people in full-time jobs. this isn t to say that people on the other spectrum are lazy. it s to say the job market