This translation is not completely accurate as it was automatically generated by a computer.
Powered by
By Heather Hahn*
7:00 A.M. EST March 16, 2011 | NASHVILLE, Tenn. (UMNS)
Julianne Malveaux, president of the United Methodist-affiliated Bennett
College for Women, speaks about economic justice. UMNS photos by Heather
Hahn.
View in Photo Gallery
If people truly lived out faith’s calling to love their neighbor,
the U.S. economy would look much different, said economist Julianne
Malveaux.
The MIT-educated economist spoke March 11 at Scarritt-Bennett, a conference and retreat center owned by Women's Division, United Methodist Board of Global Ministries. Her topic was “The Future of Work: A Perspective on Economic Justice.”
“The economy is one of the stages on which we live our faith,” she
told an audience of about 200. “Are we actually living a faith that
talks about opportunities for the poor and vulnerable? A faith that
talks about doing unto others as you would have them do unto you?”
Malveaux is the 15th president of United Methodist-affiliated Bennett College for Women in Greensboro, N.C. She is also an associate member of St. Matthews United Methodist Church there.
She pointed to Bernie Madoff, the former stockbroker now in prison
for defrauding thousands of investors, as an example of an
industrialist who lost sight of his neighbors in the pursuit of profit.
To heal the still-hurting economy and restore good jobs, Malveaux
argued that the nation must restore a sense of economic justice and
address the widening income gap.
“We need similar treatment for similar situations,” she said. “The
fact is there is no economic justice in our society. The labor market
data suggests we are not committed to ensuring similar outcomes for
different populations.”
Unemployment blues
Malveaux offered some sobering statistics. At the current rate of
job creation, it will take the United States until 2019 to return to
the 5 percent unemployment rate last seen in December 2007.
In February, the U.S. Bureau of Labor Statistics reported the
unemployment rate as 8.9 percent for the nation as a whole. But that
rate breaks down to 15.3 percent for African Americans, 11.6 percent for
Latinos and 8 percent for whites.
Those figures, though, do not capture the full picture of the
nation’s job woes. They don’t count people who have given up the job
search or people who work part time but want full-time employment.
Malveaux estimates that 24.8 million people are underemployed in the
United States.
“You’re looking at the notion that unemployment has now become the norm,” she said. “It’s something that we live with.”
Just as there are fewer jobs, there are fewer good jobs, she said.
Julianne Malveaux signs copies of her new book, “Surviving and Thriving: 365 Facts in Black Economic History.”
View in Photo Gallery
Increasingly, jobs do not provide a wage large enough to support a
family and they do not come with health benefits. Fewer than 60 percent
of all Americans have pensions, which provide defined benefits in
retirement. Social Security and personal savings are more important than
ever. Consequently, she said, many baby boomers expect to retire at a
much older age than their parents did.
Entrepreneurship, unions and tax incentives
To get a job, Americans increasingly will need to create their own
as entrepreneurs, she said. That points to a need for more training for
young people and other individuals who are interested in starting
businesses.
But not everyone, she acknowledged, has “the entrepreneurial gene.”
For many U.S. workers, unions have historically been “a leveling
force in our society,” she said. “They provide people with very little
individual power with a sense of collective power.”
However, unions have been falling out of favor since the federal
Labor-Management Relations Act (also known as the Taft-Hartley Act) was
enacted in 1947. The law prohibits certain kinds of strikes and allows
states to pass “right-to-work laws,” which prohibit agreements between
unions and employers making membership or union dues a condition of
employment.
In the past 50 years, unions have dwindled in the private sector,
and now state legislatures across the country are weighing plans to
limit public-sector unions.
Malveaux would like to see an increase in collective bargaining across the work force as well as tax incentives to prevent companies from shipping U.S. jobs overseas.
“Why can’t we talk about taxing those companies who leave the United
States and hire excessively in other countries?” she said. “They do it
because it’s cheaper. But we can make it more expensive.”
She called for a cross-racial grassroots movement of the employed and the unemployed to work toward economic justice.
A number of United Methodists in Malveaux’s audience described her speech as inspiring.
“She gave us hope that we can still play a part in gathering at the
grassroots level,” said the Rev. Harold L. Martin, pastor of Clark
Memorial United Methodist Church in Nashville.
*Hahn is a multimedia news reporter for United Methodist News Service.
News media contact: Heather Hahn, Nashville, Tenn., (615) 742-5470 or newsdesk@umcom.org.
About UMC.org
RSS Feed
Press Center
Contact Us