Income inequality is rattling around the collective consciousness of late on the backs of President Obama’s remarks and Pope Francis’ denunciation of trickle-down economics in the first lengthy writing of his papacy. The gap between the poor and the super-rich in the United States has been steadily widening for decades but only recently has it risen to the top of the agenda for the media, citizens and politicians.
Why? Why only now? Why has this issue been largely ignored for so long?
Because the effects of the wealth gap for the past several decades have mostly been felt by people of color.
Here is where I could trot out the numbers highlighting how the middle class has shrunk since the 1960’s, the map of the U.S. if land were distributed by wealth, the comparison of CEO pay ratios, or the number of hours of minimum wage earning it takes to afford an apartment. But I’ll leave that for others.
According to the 2008 census, in Baltimore City, half of all African-American households earned less than $35,000 per year, while only one-third of white households fell under this low-income threshold. The prevalence of poverty among black city residents is almost double that for whites. While the Black middle class makes up 40 percent of the African-American population, this has always lagged behind the number of middle-class whites. This smaller number of middle class citizens is attributable to the wealth gap between blacks and whites. In 1984 there was an $85,000 difference in the wealth of white households over their black counterparts determined by an Institute on Assets and Social Policy (IASP) study; over the following 25 years, it ballooned to $236,500. That’s a $151,500 increase!
IASP attributed the national wealth gap to home ownership, household income, unemployment, and financial support/inheritance while writings on Baltimore have highlighted education, pathways to careers and discriminatory hiring practices as our major obstacles. In a city that is 70 percent black, this level of poverty and inequality drags the entire city down.
How do we save our sinking city? Well, according to the Baltimore Ethical Society, we can overcome our apathy and get mad about it. Spread the YouTube video on inequality; if you’re in a position to hire, re-examine how you’re evaluating candidates of color; mentor disadvantaged youth, or better yet, give them apprenticeship opportunities if you work in a trade. Consider cooperatives as your next start-up business model and utilize Community Wealth by looking to and building on a neighborhood’s existing assets.
The shocking thing is, what will #SaveBmore is already here (as my fellow ChangeEngine blogger Robyn Stegman argues). We have the population, we have the innovators, and we have the entrepreneurial spirit. What we need is for the two Baltimores to talk to one another and we’ll set the world on fire.
Check out this great post from Amber Collins, she shouts you out! The Heller School for Social Policy and Management at Brandeis University, Associated Black Charities, Baltimore Ethical Society, The Democracy Collaborative
Income Inequality & why you’re only hearing about it now http://t.co/6eGgNxFtTi by @CommunityAmber shout to @IASP_Heller @TheHellerSchool
#SaveBmore – Why You’re Only Hearing About Income Inequality Now http://t.co/YcyaNbkZ2g @OSIBaltimore @colorlines
Income Inequality & why you’re only hearing about it now http://t.co/6eGgNxFtTi by @CommunityAmber shouts to @abcharities @bmorethical
RT @ChangEngine: Income Inequality & why you’re only hearing about it now http://t.co/6eGgNxFtTi by @CommunityAmber shout to @IASP_Heller @…
Income Inequality & why you’re only hearing it now http://t.co/6eGgNxFtTi by @CommunityAmber shouts to @DemocracyCollab #BridgingOurGaps