Income Inequality Is a Structural Issue in U.S.: Columbia's Sachs

The video discusses the rise of income inequality in the US from 1945 to 2014, highlighting the decline in well-being and life expectancy for the bottom half of the population. It compares the US to other high-income countries, noting the US as the most unequal. The discussion covers policy solutions, emphasizing the need for fiscal and regulatory changes over monetary policy to address structural issues. The video concludes with a call to learn from other countries' successful policies.

How does the Gini coefficient relate to income inequality, and what does it indicate about the United States compared to other countries?

What role did policy changes in the early 1980s play in the current state of income inequality in the United States?

What are the implications of the current economic policies on young people's debt and education in the United States?