How to Fix Meritocracy

According to Chris Hayes, you can't simply solve the issue by providing the poor and middle classes with the resources to compete on an educational level:

The defect of meritocracy, in his view, is not the inequality of opportunity that it conceals, but the inequality of outcome that it celebrates. In other words, the problem is not that the son of a postal clerk has less chance to become a Wall Street titan than he used to. It’s that the rewards of a career on Wall Street have become so disproportionate to the rewards of the traditional professions, let alone those available to a humble civil servant.