Legislature got high marks for Green Jobs leadership
Payday loans a civil right issue
Jermaine Toney is the Principal researcher at the Organizing Apprenticeship Project, which recently released its ‘Annual Minnesota Legislative Report Card on Racial Equity’. Batala McFarlane, publisher of ‘Insight News’ and producer of Conversations with Al McFarlane, joined host Al McFarlane in conducting the Toney interview.
Al McFarlane: The Report Card says, “Despite declarations that an economic recovery is underway; more than a 132,000 Minnesotans have lost their jobs since December 2007 and in particular the unemployment and wealth crises has worsened for American Indians, Communities of color and new Minnesotans who were facing desperate poverty and unemployment rates even before this recession and to make matters worse the report says Minnesota’s safety net for child care, for housing and education has been nearly dismantled by a decade of public disinvestment. Predatory lending practices from home ownership to pay-day lending have undermined income and wealth opportunity making it nearly impossible for Minnesotans of color and poor Minnesotans to earn and lean on assets in hard times. Our economic recovery must be equitable fueled by policy that upholds fair treatment, family supporting wages, a vibrant safety net, culturally appropriate financial services and that build on economic contributions of Communities of Color.” The report summarizes, “Our future prosperity relies on eliminating barriers economic opportunity. Minnesota’s younger workers are more racially diverse than older workers. We do see today’s barriers will ensure that our younger workers of color are successful future investors, law makers, farmers and business owners of Minnesota”.
So Jermaine, why it is important to insure equity and to reduce inequity in the area of economic and wealth equity?