BY DARREN WALKERJUNE 25, 2020
“Are You Willing to Give Up Your Privilege?” Asks Darren Walker ’86 in the New York Times Opinion
I have lived on both sides of American inequality. I began life in the bottom 1 percent but found my way to the top. And I know, all too personally, that the distance between the two never has been greater.
Last winter, at a black-tie gala — the kind of event where guests pay $100,000 for a table — I joined some of New York’s wealthiest philanthropists in an opulently decorated ballroom. I had the ominous sense that we were eating lobster on the Titanic.
That evening, a billionaire who made his money in private equity delivered a soliloquy to me about America’s dazzling economic growth and record low unemployment among African-Americans in particular. I reminded him that many of these jobs are low-wage and dead-end, and that the proliferation of these very jobs is one reason that inequality is growing worse. He simply looked past me, over my shoulder.
No chief executive, investor or rich person wakes up in the morning, looks in the mirror, and says, “Today, I want to go out and create more inequality in America.” And yet, all too often, that is exactly what happens.
Even before the coronavirus, before the lockdowns, and before the murder of George Floyd — during the longest sustained economic expansion in American history — income inequality in America had reached staggering levels. Social mobility, the ability for a person to climb from poverty to security as I did, had all but disappeared.…
Read the full essay on the New York Times website at this link.