The Rising Income Gap: Is It All That Bad?
The rich are indeed getting richer. An updated study from UC-Berkeley finds that the income gap between the country's top 1 percent and the bottom 99 percent is the highest level recorded since the government started collecting that data nearly 100 years ago.
Some argue that more wealth in the world means a bigger slice of the economic pie for everyone. Others say the growing income gap means even less economic gains for the poor. Ross Reynolds talks with two economists, Dean Baker, founder of the Center for Economic and Policy Research, and Ben Powell, director of the Free Market Institute at Texas Tech University for two perspectives.
Produced by Hannah Burn.