Myths About Income Inequality

The video explores the misconception that the success of the 1% is responsible for the stagnation of middle-class wages. It presents evidence that the 1% has driven economic growth and employment. The discussion includes the dynamics of the middle class, political misdiagnosis of economic issues, and constraints in the knowledge-based economy, such as the need for trained talent and entrepreneurial risk-taking.

According to the text, what are the two constraints to growth in a knowledge-based economy?

What does the text suggest about the relationship between capital availability and economic growth?