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 person of color, 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 per
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 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?”
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.
In 1962 Dr. King said, “There are three major social evils in our world today: the evil of war, the evil of economic injustice, and the evil of racial injustice.”
Fifty years later, 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.
Benjamin Todd Jealous is President and CEO of the NAACP.
