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00:11:40
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00:11:40
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Transcription: [00:11:40]
{Unknown Speaker}
Leave Act. So the notion of job security is just shrinking. [[background noise]]

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Employment in small businesses is going

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to evaporate than employment in large businesses because,

[00:11:49]
guess what, the small businesses get to discriminate.

[00:11:52]
{Unknown Speaker}
[[background noise]] Um, small businesses that employ fewer

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than fifteen employees do not have to follow -

[00:11:57]
say, safe health laws, they don't have to follow EEO laws [[background noise]].

[00:12:01]
They can make you work overtime, undertime, around time, and you say no, you fired.

[00:12:05]
And in this particular current market, you find lots of that going on.

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Unionization was the only protection that lots of African-American people had.

[00:12:14]
African American men in unions earn about 50 percent more than

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African-American men who are not in unions.

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For women, the numbers are about 30 percent.

[00:12:22]
{Unknown Speaker}
So as unionization drops, you see essentially a lot of people are not being protected.

[00:12:26]
And of course, the structural shift from manufacturing to

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service employment has created low-wage jobs.

[00:12:32]
{Unknown Speaker}
In the 80s, what happened is simply this:

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um, the highest fifth of all families saw their incomes rise by 30 percent,

[00:12:39]
and everybody else saw their incomes drop.

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The highest fifth saw their incomes rise, and everyone else saw their incomes drop.

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{Unknown Speaker}
In addition, this whole notion of deregulation has meant that

[00:12:50]
we have no safety and health in this country.

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Think of the Imperial Foods Fire in Hamlet, North Carolina,

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where twenty-five women perished, leaving forty-two children without mothers.

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A disproportionate number of those people were African American.

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None of them made more than five dollars an hour.

[00:13:10]
This is George Bush's American Dream, and this is how you get to the point

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where 97 million people say, "I cannot change anything about this politics,

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- politics. I'm goin' stay home."

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Is there any, I mean, let's check my list as I read these numbers and write them down.

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I tell you, I don't lie - I keep a little money in my mattress because—

[00:13:31]
I mean, in addition to the whole notion of lack of security is that

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all our financial institutions have also been questioned.

[00:13:37]
Not only S&Ls and banking, but now insurance. Y'know, why's your insurance company,

[00:13:41]
and everything else— and this is not about paranoia. What it is about is what is happening here.

[00:13:46]
[[background noise]]
Is there any hope on the horizon?

[00:13:49]
It's not as hard as you think.

[00:13:51]
You measurably improve your chances in life if you go to college.

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You don't guarantee anything, but you measurably improve that.

[00:13:56]
This statistic, happening at the time when African-Americans are going to college less—


Transcription Notes:
time stamps should be every 3-5 secs, if possible, per instructions. I think this audio is mis-labeled. The first 5 min or so is an interview, which is abruptly cut-off with this speaker giving a talk on economics.