Skip to main content
Tag

Wealth Gap Archives - Institute of the Black World 21st Century

Student

How reparations can be paid through school finance reform

By Reparations

By Preston Green III and Bruce Baker — White public schools have always gotten more money than Black public schools. These funding disparities go back to the so-called “separate but equal” era – which was enshrined into the nation’s laws by the Supreme Court’s 1896 decision in Plessy v. Ferguson. The disparities have persisted even after Brown v. Board of Education, the landmark 1954 Supreme Court decision that ordered the desegregation of America’s public…

Read More
Labor violations disproportionately affect Black Americans.

Slavery was the ultimate labor distortion – empowering workers today would be a form of reparations

By Reparations

Rebalancing labor relations so that workers are empowered would be an effective way to address racial wealth disparities and atone for the legacy of slavery, a scholar argues. By Joerg Rieger, The Conversation — The conversation about reparations for slavery entered a new stage earlier in 2021, with the U.S. House Judiciary Committee voting for the creation of a commission to address the matter. The bill, H.R. 40, has been introduced every Congress…

Read More
"Economic Justice" sign

The case for reparations has been made all the more clear by COVID-19

By Reparations

Black Americans have been much more vulnerable to COVID-19 due to the wealth gap and various socioeconomic inequities that are the result of centuries of segregation, discrimination and slavery. By Kelly Brown Douglas, RNS — The COVID-19 pandemic has laid bare this country’s ongoing but often ignored pandemic of racial inequity. It has also clarified the long-neglected case for reparations. Influential author Ta-Nehisi Coates brought the idea of reparations back…

Read More
black-white-slavery-america-image-reparations-910x512

Congress is again discussing reparations for slavery. It’s a complex and thorny issue

By HR 40 Congressional Hearing, News & Current Affairs, Reparations

By Harmeet Kaur, CNN— Slavery reparations are back in the national spotlight. A House Judiciary subcommittee held a hearing this week to discuss establishing a federal commission that would explore how the US government might compensate the descendants of enslaved Americans. And though the White House press secretary declined to say whether President Joe Biden would sign legislation to develop reparations for slavery, she did say he supported a study…

Read More
racial-wealth-gap-cash-illustration-910x512

The Black-white wealth gap left Black households more vulnerable

By Commentaries/Opinions

By Emily Moss, Kriston McIntosh, Wendy Edelberg, and Kristen E. Broady— The COVID-19 pandemic has inflicted devastating effects on the U.S. economy, with job losses  especially concentrated among women, minorities, and low-wage workers. Economists have described the uneven and unequal economic recovery from the COVID-19 recession as a “K-shaped” recovery, characterized by divergent recovery trajectories for the affluent relative to those of less means. While considerable attention has been devoted to examining the…

Read More
Nancy Pelosi

An open letter to Speaker Nancy Pelosi demanding the passing of HR-40 and calls for a day of action

By Vantage Point Articles

Why We Can’t Wait: Pass HR-40 Now! Vantage Point Articles & Essays By Dr. Ron Daniels Madame Speaker, with a Democratic Majority in the House of Representatives and one of the most consequential elections in the history of this nation slated to occur in a few weeks, it’s time to send a powerful sign to Black voters that Black Lives Matter by passing HR-40 now! 2020 marks thirty-one years since the…

Read More
Black Wealth Gap

The Black Wealth Gap

By Editors' Choice

Decades after the civil rights movement, African Americans still hold a fraction of the wealth of white Americans. Why? Here’s everything you need to know: By The Week — How big is the gap? It’s staggering. The net worth of a typical white family in 2016 — including home, retirement accounts, and all assets — was nearly 10 times greater than that of a Black family, at $171,000 to $17,600….

Read More
The Black Wall Street mural in Tulsa, Okla.

It’s time for wealthy donors to embrace reparations, not more charity

By Reparations

Philanthropy as usual isn’t enough to confront a racial wealth gap that’s exploding during the pandemic. By Edgar Villanueva & Chuck Collins, Market Watch — As the coronavirus rages and the economic fallout continues, the wealth gap between our country’s largely white top 1% and the Black and brown communities bearing the brunt of the pandemic has never been more exposed. U.S. billionaires have increased their wealth by nearly $1 trillion during…

Read More
Reparations protest

How white and non-Black people can pay reparations, even if Congress never figures it out

By Reparations

By Tiffany Lashai Curtis, Business Insider — The murders of George Floyd and other Black Americans this summer reignited the Black Lives Matter movement and prompted high levels of giving to Black organizations. They also prompted renewed calls for reparations from the federal government, though we may not see them in our lifetime. In the meantime, mutual aid groups and individual donations constitute a kind of ‘interpersonal reparations’ and represent…

Read More
New Jersey Governor Phil Murphy

New Jersey Governor’s “Baby Bonds” Plan Is A First Step Towards Closing The Racial Wealth Gap.

By Commentaries/Opinions

Baby bonds are a good start toward changing the discriminatory status quo, but limiting it to New Jersey is shortsighted. By Maurice BP Weeks, The Appeal — New Jersey Governor Phil Murphy dropped a bombshell into the budget he released this month: a proposal to fund “baby bonds,” which would give $1,000 to every baby in the state born to families who make under about $131,000. By the children’s 18th…

Read More
A “redlining” map of Richmond, Virginia, from 1937

Racial Inequities Will Grow Unless We Consciously Work to Eliminate Them

By Editors' Choice

To lessen and reverse the pandemic’s effects on Black families’ income and wealth, consciously consider the persistent effects of the country’s legacy of human trafficking, bondage, and disadvantage. By Kilolo Kijakazi, Jonathan Schwabish and Margaret Simms — The economic fallout from the coronavirus pandemic promises to affect families across the United States and future generations for years to come. The downturn will likely hit African Americans hardest, exacerbating large, long-standing racial wealth gaps. Because these…

Read More
Bill Clinton golfing with his wealthy friends on August 5, 2000, in Martha's Vineyard, MA.

The Racial Wealth Gap Is About the Upper Classes

By Commentaries/Opinions

By Matt Bruenig, Jacobin — In light of the recent resurgence of Black Lives Matter protests, there has been renewed discussion of the racial wealth gap and how to close it (Nikole Hannah-Jones, Annie Lowrey). I have written on this topic many times in the past (I, II, III, IV). One thing I have tried to emphasize over the years, which I will do again here in a different way, is that due to…

Read More