Read the excerpt from Martin Luther King Jr.’s "I Have a Dream” speech. In a sense we've come to our nation's capital to cash a check. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir. This note was a promise that all men, yes, black men as well as white men, would be guaranteed the "unalienable Rights of Life, Liberty, and the pursuit of Happiness.” It is obvious today that America has defaulted on this promissory note insofar as her citizens of color are concerned. Instead of honoring this sacred obligation, America has given the Negro people a bad check, a check which has come back marked "insufficient funds." King uses the "check” and "promissory note” metaphors to teach a lesson about financial responsibility. illustrate the idea of demanding what one is due. provide information about American economics. suggest ways to pursue the American dream
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Racial discrimination affects the economy.
It is reported that the economic gap between American whites and blacks is $1 to 1.5$.
- Discrimination in the US towards black citizens is a horrifying reality.
- We remember the tragic death of George Floyd.
- Racism has prevented Black economic progress for years.
- After world wars, the benefits were rejected by the blacks by the Whiteman in the congress.
- Still, job applicants who are with black skin receive fewer responses from the employers.
- People still believe that black man is mostly from criminal background
- Such baseless prejudices must change.
- All races should get equal opportunities for work and education.
- Strict actions should be taken against propagates propagates racism.
- Government should make sure that opportunity opportunity is prevailing i n the country
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- The wage-gap between the white and black Americans has increased a lot than what it was in 1979.
- Though this increase was not in a straight line, With different time period different factors affected this. For example, failure of the anti-discrimination policy in 1980s or the shrinkage of gap in 1990s because of the tighter market which didn't allowed the employers to afford the racial discrimination.
- The following are the ways which can be followed to improve America's economic condition-
- Consistent enforcement of anti-discrimination laws in areas of hiring, promotion and the wages.
- By convening A high level summit which addresses the issue of black graduates starting their careers with sizeable pay disadvantages.
- By increasing the minimum wage they can solve the broader issue of stagnant wages.
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