Skip to main content

Let’s Recommit Ourselves to Dr. King’s Economic Principles

Filed under: Headlines |
Martin Luther King Jr photo

Martin Luther King Jr.

AFRICANGLOBE – Coming the day after the 45th anniversary of the assassination of Dr. Martin Luther King, Jr., the new unemployment numbers show that unemployment is still high – and remains much higher for African-Americans.

One thing hasn’t changed in the last half century: if you’re a Black person, you’re more likely to be unemployed. Even though the Black unemployment rate fell by .05 percent this month, it still sits at nearly 13.3 percent, nearly double the overall rate.

This gap in employment has led to an economic divide between the richest and the poorest in America that is about as bad as in the divide in Rwanda and Serbia. The top 20 percent of Americans earn 50.2 percent of income, while the bottom 20 percent earns just 3.3 percent. Yet Congress continues to do nothing to directly address unemployment.

Inequality Undermines Progress

This is a dangerous trend. Recent studies – including one by the International Monetary Fund – show that countries with higher levels of economic inequality have slower growth rates, and that “economic inclusion corresponds with robust economic growth.’’ Urban economies affect the prosperity of the entire surrounding region, and ultimately the country as a whole.

As our country grows more diverse, we must also acknowledge that economic inequality is closely tied to race, due to decades of past and ongoing discrimination. And this inequality undermines the racial progress that we have achieved.

As Dr. King asked in 1968, “What does it profit a man to be able to eat at an integrated lunch counter if he doesn’t earn enough money to buy a hamburger and a cup of coffee?”

Agenda Still Relevant

In the last year of Dr. King’s life, he was organizing the Poor People’s Campaign. He endorsed the Freedom Budget, a document that called for massive investments in public works and infrastructure, job training and education programs, and a higher minimum wage. The budget insisted that smart investments in our most vulnerable citizens will spur economic growth.

Unfortunately, this plan never moved forward. But its message proved prophetic, and Dr. King’s economic agenda is still relevant today. A strong and sustainable economic recovery requires an economic climate in which all Americans – regardless of race or class – can expect hard work to be rewarded with a steady job. This is not a partisan issue – it is an American issue. And Congress needs to act now.

Try Something New

Earlier this year, the National Black Leaders Coalition came up with solutions for fixing the current unemployment crisis. They included implementing important parts of the American Jobs Act to revitalize urban areas; funding the Urban Jobs Act to create youth jobs programs; and increasing the minimum wage. These policies echoed King’s recommendations 45 years earlier.

In 1962 Dr. King said, “There are three major social evils in our world today: the evil of war, the evil of economic justice, and the evil of racial injustice.”

Fifty years later, we need to recognize that inaction is not a policy option; it has been tried; and it hasn’t worked. Let’s try something new. Let’s recommit ourselves to Dr. King’s economic principles and advance an economic agenda that bridges our nation’s divides and fosters an economic recovery in which all can benefit.

 

Ben Jealous is president/CEO of the NAACP.

 

 

 

 

 

 

 

 

"I'm just trying to make a way out of no way, for my people" -Modejeska Monteith Simpkins

 

AFRICAN AMERICA IS AT WAR

THERE IS A RACE WAR ON AFRICAN AMERICA

THERE IS A RACE WAR ON AFRICAN AMERICANS

THERE IS A RACE WAR ON BLACK PEOPLE IN AMERICA

AMERICA'S RACISTS HAVE INFILTRATED AMERICAN POLICE FORCES TO WAGE A RACE WAR AGAINST BLACK PEOPLE IN AMERICA

THE BLACK RACE IS AT WAR

FIRST WORLD WAR:  THE APPROXIMATELY 6,000 YEAR WORLD WAR ON AFRICA AND THE BLACK RACE

Original Post

Replies sorted oldest to newest

In 1930 John Maynard Keynes was talking about having a 15 hour work week by 2030.

 

http://jacobinmag.com/2012/04/keynes-jetpack/

 

Considering that 2030 is only 17 years away and that he made that prediction years before the invention of transistors and computers it is more interesting than King commenting on economics.  Have we been imitating White people doing the wrong things with technology and economics for the last 50 years?

 

What do White economists say about "planned obsolescence" today?

 

Xum

Add Reply

Post
×
×
×
×
Link copied to your clipboard.
×