Are we thinking about the wealth gap wrong?

Rising inequality is a concern for governments and everyday people – but it might be useful to put the current situation into historical perspective. Daniel Waldenstrom is professor of economics and program manager for the research program Taxes and Society at the Research Institute of Industrial Economics in Stockholm. He joins host Krys Boyd to discuss why understanding the metrics of measuring inequality is critical to understanding that not all people — or even countries — are being as hard hit as we might believe. Plus, we’ll talk about what might actually work to address poverty. His article in Foreign Affairs is “The Inequality Myth,” and his book published last year is “Richer and More Equal: A New History of Wealth in the West.”