It feels like the past few months of the pandemic have been a slew of shocking numbers thrown at me. Like the number 7.3 million- the number of COVID infections in the US. 200,000- the number of COVID deaths in the US as of September 30th. But COVID-19 is not only a health problem. It is an economic problem with consequences that are expected to far outlast the pandemic. 40,000,000- the number of people who filed for unemployment since the pandemic. 637,000,000,000- the dollar amount that billionaires added to their wealth since the pandemic. As we journey to explore and reaffirm simple living, stewardship, just dealings, and mutuality in relation to economic justice and economic peacemaking in this pandemic, this second post in a series of four, looks at the need to address economic injustice through a racial equity lens.
Addressing Racial Inequalities to Fight Economic Injustice.
The deeply rooted racial inequality in the United States presents itself in disparities in income, wealth, access to education, housing, access to healthcare, and other economic indicators. Inequality.org defines income inequality as “the extent to which income is distributed in an uneven manner among a population”, and income as, “the revenue streams from wages, salaries, interest on a savings account, dividends from shares of stock, rent, and profits from selling something for more than you paid for it.” According to data from the US Bureau of Labor Statistics, for the last quarter of 2019, the median White worker made 28% and 35% more than the median Black and Latino workers respectively. Systemic racism and inequalities in the distribution of income present a hurdle in the accumulation of the generational wealth that is essential for economic security. (Inequality.org) Consequentially, racially minoritized populations do not enjoy the security blanket that generational wealth provides their white counterparts and are at risk of financial fallout from changes in economic conditions.
COVID 19 has exacerbated these inequalities.
In one way or the other, this pandemic has transformed all our lives. However, it is essential to note the magnitude of its impact on different racial and economic demographics. According to the Washington Post, “The economic collapse sparked by the pandemic is triggering the most unequal recession in modern U.S. history, delivering a mild setback for those at or near the top and a depression-like blow for those at the bottom.” “Historically, people of color and Americans with less education have been overrepresented in low-paying service jobs.” This overrepresentation in low-paying service jobs not only puts these groups at a disproportionately high risk of being exposed to the virus but also forces them to bear the brunt of its economic consequences. For example, Black women have only recovered 34% of the jobs they lost compared to White women who have recovered 61%. This is a major setback as it took Black Women up until 2018 to recover from the Great Recession.
The Post also found that “White Americans have recovered more than half of their jobs lost between April and February. Meanwhile, Black Americans have recovered just over a third of employment lost in the pandemic.”
If the bodies making decisions on how to respond to the economic consequences of COVID-19 are those that have suffered least and are recovering the fastest, it is difficult to imagine the responses will be equitable. In our path to recovery, the goal should not be to return to normal. Instead, the goal should be to create systems that prioritize equity for minoritized populations. We must be proactive in advocating for COVID-19 response policies that apply a racial lens when addressing issues. We must educate ourselves about systemic racism and be aware that it can present itself in subtle, seemingly unrecognizable ways. We must try to use our voices to amplify and build up minoritized voices in the fight to dismantle oppressive systems. We must be mindful that the policies we support, or not, have life-changing impacts on many others. As such, we must be more intentional than ever in how we use our voices.
“Applying a Racial Equity Lens to End Hunger.” Bread for the World, 1 July 2020, www.bread.org/library/applying-racial-equity-lens-end-hunger.
“Coronavirus Cases:” Worldometer, www.worldometers.info/coronavirus/.
“Racial Economic Inequality.” Inequality.org, 25 Sept. 2020, inequality.org/facts/racial-inequality/.
Report • By Elise Gould and Valerie Wilson • June 1. “Black Workers Face Two of the Most Lethal Preexisting Conditions for Coronavirus-Racism and Economic Inequality.” Economic Policy Institute, www.epi.org/publication/black-workers-covid/.
Van Dam, Andrew, et al. The Covid-19 Recession Is the Most Unequal in Modern U.S. History. 30 Sept. 2020, www.washingtonpost.com/graphics/2020/business/coronavirus-recession-equality/?utm_campaign=wp_post_most.