Women can't wait for equal pay. And I won't stop fighting to address this inequality.
Today, we are closer to fulfilling America's promise of economic and social justice because we stand on the shoulders of giants like Dr. King, yet our future progress will depend on how we prepare our next generation of leaders. We must fortify their ladders of opportunity by correcting social injustice, breaking the cycle of poverty in struggling communities, and reinvesting in our schools. Education can unlock a child's potential and remains our strongest weapon against injustice and inequality.
We want our children to live in an America that isn't burdened by debt, that isn't weakened by inequality, that isn't threatened by the destructive power of a warming planet.
This kind of inequality - a level that we haven’t seen since the Great Depression - hurts us all. When middle-class families can no longer afford to buy the goods and services that businesses are selling...it drags down the entire economy from top to bottom. America was built on the idea of broad-based prosperity... That’s why a CEO like Henry Ford made it his mission to pay his workers enough so that they could buy the cars he made. It’s also why a recent study showed that countries with less inequality tend to have stronger and steadier economic growth over the long run.
Inequality also distorts our democracy. It gives an outsized voice to the few who can afford high-priced lobbyists and unlimited campaign contributions, and runs the risk of selling out our democracy to the highest bidder. And it leaves everyone else rightly suspicious that the system in Washington is rigged against them - that our elected representatives aren't looking out for the interests of most Americans.
This kind of gaping inequality gives lie to the promise that’s at the very heart of America: that this is a place where you can make it if you try. We tell people - we tell our kids - that in this country, even if you’re born with nothing, work hard and you can get into the middle class. We tell them that your children will have a chance to do even better than you do. That’s why immigrants from around the world historically have flocked to our shores.
Go back to - my first campaign for the United States Senate. I got a bunch of people now talking about inequality. But back then they sure weren't. Back then, folks were saying I was preaching class warfare. Now it's suddenly their campaign platform.
We have to deal with issues like inequality, we have deal with issues of economic dislocation, we have to deal with peoples fears that their children won't do as well as they have. The more aggressively and effectively we deal with those issues, the less those fears may channel themselves into counter-productive approaches that pit people against each other.
There are dangers that globalization increases inequality. There are dangers that because capital is mobile and workers are not, if we are not providing them sufficient protection, that they can be left behind in this process. And that's what we have to focus on.
If the global economy is unresponsive to people who feel left behind, if inequality continues to grow, then we could end up seeing more and more of these divisions arise throughout advanced economies around the world.
At a time when the European project is facing challenges, it's especially important to show the benefits of economic integration by continuing to invest in our people and working to reduce inequality, both within and across our countries.
Being attentive to inequality and not tone deaf to it. But offering prescriptions that are actually going to help folks in communities that feel forgotten. That's going to be our most important strategy. And I think we can successfully do that.
I've been talking about things like reversing the rise of inequality and strengthening social mobility,since before it was cool.
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