Crew of 42
The Full Employment Caucus is formed amidst a cry for the President to address growing income inequality and as Democrats in Congress push for an increase to the federal minimum wage.
Incredibly, when King called for full employment in 1967, the national unemployment rate was under 4 percent. Flash forward to today: 56 consecutive months of unemployment above 7 percent, among African Americans above 13 percent, above 9 percent among Latinos. At our current rate of job creation, it would take another seven years to get the national unemployment rate down to 5 percent, where it was at the end of 2007.
Nearly five decades after its enactment, here's what we know: Medicare saves money by eliminating all the waste associated with the for-profit insurance industry. And Medicare provides coverage to everyone eligible. In stark contrast, the for-profit insurers condition care on ability to pay ... and then still try to deny care to those who have paid.
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