African American history is the heart of American history. This
is true because the manipulation and the exploitation of African
Americans, along with their ceaseless struggle for freedom and
equality, has somehow been at the center of virtually every major
political and economic turning point in the country¹s history. This
fact is reflected today in the growth and consolidation of a new class
of poor with African Americans at its core, a class that is compelled
to fight for a new society. We talk of a "new class" of poor because
this poverty is unprecedented in its nature and scope. Advancing
electronic technology is so revolutionizing the economy that jobs are
being eliminated faster than they are being created. This process is
creating a new class of people who are essentially economically
superfluous; their labor is no longer needed. This class includes not
only the permanently unemployed, but the millions of temporary and
contingent workers and the low-wage workers who don't even make enough
to live on. The first to be plunged into this new poverty were the
unskilled and semi-skilled, but today even highly skilled workers are
not safe from having their jobs automated or outsourced. the grim
statistics bear out the position of the African American worker at the
heart of the new class of poor:
By one estimate, nearly 25 percent of all African Americans
have incomes below the official poverty line. Other sources put the
figure at 33 percent.
12 percent of African American men ages 20 to 34 are in jail,
compared with 1.6 percent of white men in the same age group.
74 percent of those sent to prison on drug charges are black.
50 percent of New York City¹s black males are unemployed.
These figures should be seen in the context of the overall polarity of wealth that has developed in our country:
The top 1 percent of all U.S. households own 38 percent of all
wealth. Wealth inequality generally fell from 1929 to the mid 1970s,
but since then, it has doubled.
5 percent of Americans own 59 percent of all wealth; the top 20
percent own 83 percent of all wealth. The bottom 20 percent have zero
wealth.
The value of the minimum wage has fallen 35 percent in real terms since its peak in 1968. [more
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