Systems Failure: Economist Jason Furman says economic inequality costs everyone

Harvard Kennedy School Professor Jason Furman recently testified before the House Select Committee on Economic Disparity and Fairness in Growth and called growing inequality the fundamental challenge for the U.S. economy. He says that slow income growth, coupled with growing disparities in how the overall economic pie is divided, have contributed to inequality that is now pervasive by race, ethnicity, gender, income, and education. That inequality hurts everyone, he says, limiting growth and depriving society of productive contributors to the economy.