Does Our Wealth Disparity Matter?

According to New Republic editor Timothy Noah, author of The Great Divergence: America's Growing Inequality Crisis and What We Can Do About It, America is in the midst of two significant divergences that are causing increasing wealth disparity. The first is between people with college or graduate degrees and people with lower levels of education. The second is between the 1 percent (people in the financial industry and leaders of corporations) and the 99 percent (everyone else). He explains how both divergences have their roots in the late 1970s, and what we can do to stop the gap between rich and poor from growing.