Bold Policies for Economic Justice

William Darity and Darrick Hamilton ()

The Review of Black Political Economy, 2012, vol. 39, issue 1, 79-85

Abstract: The U.S. is characterized by a longstanding pattern of large structural racial inequality that deepens further as a result of economic downturn. Although there have been some improvements in the income gap up until around the mid 1970s, the employment gap, and the racial wealth gap - two dramatic indicators of economic security - remains exorbitant and stubbornly persistent. We offer two race-neutral programs that could go a long way towards eliminating racial inequality, while at the same time providing economic security, mobility and sustainability for all Americans. The first program, a federal job guarantee, would provide the economic security of a job and the removal of the threat of unemployment for all Americans. The second program, a substantial child development account that rises progressively based on the familial asset positioning of the child’s parents, would provide a pathways towards asset security for all Americans regardless of their economic position at birth. Copyright Springer Science + Business Media, LLC 2012

Keywords: Recession; Post-racial; Child development accounts; Full-employment; Federal job guarantee; Racial wealth gap; Racial unemployment disparities (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (8)

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DOI: 10.1007/s12114-011-9129-8

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