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Listen to Anne Price and Darrick Hamilton dissect the myths and misperceptions regarding the racial wealth gap and discuss potential policy solutions for addressing racial economic inequity.
For this episode of Hidden Truths, Insight Center President Anne Price welcomed Darrick Hamilton, stratification economist and professor of economics and urban policy at the New School for Social Research, to take a hard look at the path, pitfalls, and way forward for efforts to close the racial wealth gap.
Delving into the key drivers of racial economic disparities, Anne and Darrick discussed public policy, intergenerational wealth transfer, the changing nature of work, and how prevailing narratives draw attention away from the structural factors behind racial wealth differences. They also considered bold policy ideas like a Federal Job Guarantee, baby bonds, an economic bill of rights, and other proposals that could foster systemic change for racial economic equity.
“It is a moral imperative for us to try to facilitate a society that allows all individuals to have the capacity to build up their economic security and also to define what is important to them,” said Darrick.
To listen to the full discussion, use the audio player above or subscribe to the Hidden Truths podcast on iTunes.
Click here to learn more about Darrick Hamilton’s research, including his joint work on baby bonds and a Federal Job Guarantee with William Darity Jr., Samuel DuBois Cook Professor of Public Policy and Director of the Cook Center on Social Equity at Duke University.
Click here to read the June 2017 research brief, Returning to the Promise of Full Employment: A Federal Job Guarantee in the United States, co-authored by Darrick Hamilton of The New School for Social Research, William Darity, Jr. and Mark Paul of the Samuel DuBois Cook Center on Social Equity at Duke University, and Anne E. Price of the Insight Center for Community Economic Development.
Click here to read Insight Center President Anne Price’s related post, Where We Went Wrong with the Racial Wealth Gap.