A demonstrator at a protest for a $15-an-hour nationwide minimum wage in downtown Chicago, Illinois, April 14, 2016 (REUTERS/Jim Young).
A new report from the Institute for Policy Studies proposed 10 “bold” solutions to the complicated, persistent, and entrenched racial wealth divide.
Trends show that the racial wealth divide, which is greater today than it was nearly 40 years ago, will continue to widen, according to the report. The report’s four authors–Chuck Collins, Darrick Hamilton, Dedrick Asante-Muhammad, and Josh Hoxie–outlined 10 solutions to this issue in three categories: programs, power, and process. The authors said that each solution was “rooted in a public policy shift that can have a structural impact across society.”
Topping the list were baby bonds, as well as guaranteed employment, and increases to the minimum wage. The report proposed investing in affordable housing, Medicare for All, postal banking, significantly raising taxes on the ultra-wealthy,…
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