Former Secretary of Labor Robert Reich testifies at a Senate Budget Committee hearing, led by Bernie Sanders, on the massive concentration of wealth, income, and power at the top.

Watch More: In Conversation: Bernie Sanders and Robert Reich ►► https://youtu.be/rEdGnIIOdeo

Even before the pandemic, America had the widest inequalities of income and wealth in a century, wider than any other developed nation.

The median wage has barely budged for 40 years, adjusted for inflation, even though the economy is almost three times larger. The richest one-tenth of one percent have almost as much wealth as the bottom 90 percent put together. And more than half of Americans have earned so little they've had no choice but to live paycheck to paycheck.

We got here because unions have shriveled to the point workers have almost no bargaining power while corporate monopolies have flourished.

During this hearing on inequality, we explored what can and should be done to reverse these trends.