The middle class has just fallen further and further behind the rich.

I don't know if you've been in any inner-city schools, but it's pretty demoralizing. The kids come to class bright-eyed, enthusiastic - entering first grade really looking forward to school. By the fourth grade they're just completely turned off, and by the time they enter high school, they see little relationship between school and employment. It's bad enough you have incompetent teachers and schools that are poorly run, understaffed, and lack material resources. It's even worse when the kids themselves don't feel they have any stake in school.

The middle class has just fallen further and further behind the rich.

A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery.

During the Great Depression, African Americans were faced with problems that were not unlike those experienced by the most disadvantaged groups in society. The Great Depression had a leveling effect, and all groups really experienced hard times: poor whites, poor blacks.

I maintain that the period during the first half of the 1990s, the period in which rising inequality reached its peak, was a period in which we came very, very close to a demagogic immobilization of racism in this society.

Black employers are just as negative as the white employers concerning inner-city workers.