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MLK Would Be Ashamed of Us

Rising income inequality is cementing class system: Paul Krugman

By Matt Cantor,  Newser Staff

Posted Jan 16, 2012 8:56 AM CST

(Newser) – If Martin Luther King were to see today's America, would he be proud? Paul Krugman thinks not. King dreamed his children would "not be judged by the color of their skin but by the content of their character." Today, we've become "a nation that judges people not by the color of their skin—or at least not as much as in the past—but by the size of their paychecks," Krugman notes in the New York Times. And these days, your parents' paychecks look pretty similar to yours. "Goodbye Jim Crow, hello class system."

And there's a racial side to this growing American class system, explains Krugman: While in the 1960s and 1970s, "the percentage of black households in the top 20% of the income distribution nearly doubled," that growth came to a halt about 1980—when income inequality started to soar. Income inequality is tied to a lack of social mobility, according to the chair of the Council of Economic Advisers; by 2035, he suggests, "the economic prospects of children" will mostly mirror the class they entered at birth. Mitt Romney wants to keep this discussion "in quiet rooms." It's time to follow King's example and "refuse to stay quiet," Krugman writes. Click to read his entire column.

Martin Luther King,Jr. waves to supporters August 28, 1963 from the Lincoln Memorial on the Mall in Washington DC during the 'March on Washington.'
Martin Luther King,Jr. waves to supporters August 28, 1963 from the Lincoln Memorial on the Mall in Washington DC during the 'March on Washington.'   (Getty Images)
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COMMENTS
Showing 3 of 46 comments
JoeUSA
Jan 23, 2012 6:24 AM CST
Krugman's a useless tool. MLK would slap the crap out of him.
Jespersen
Jan 16, 2012 10:30 PM CST
I was in college when Dr. Martin Luther King was assassinated  and was too young to comprehend  the meaning of his words, but today they have true meaning for me.   The 60's were a turning point for me to face the true realities of evil at every turn with President Kennedy and his brother Robert gone. It was a right of passage that I wish I could have skipped.
bobgreen
Jan 16, 2012 5:14 PM CST
why do they keep putting this hack on ,per % every group has became wealther,as in latino,asian,etc. know what your talking about please. 

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