The Unassuming Economist

From a new PolicyLink report:

“Economic insecurity is both widespread and uneven, reflecting not only the toxic polarization of wealth and income in this nation, but also the persistence of racial inequities. Structural racism and systemic barriers have long excluded people of color from American prosperity, and while economic insecurity plagues people of all races and ethnicities, people of color are disproportionately burdened by economic insecurity. Given the rapid demographic changes in the United States, if economic conditions do not improve among people of color, a larger and larger share of the population will struggle to make ends meet.

A mounting body of research suggests that such inequality and exclusion lead to declining economic growth. The inverse is also true: by developing high-impact, targeted solutions that dismantle barriers and connect economically insecure people and households to resources and opportunities, we can lay the foundation for an economy that works for everyone. Now is the time for bold policy and systems changes that deliver on the promise of inclusive prosperity.”