No Justice, No Increase: How A Just Transition Can Build Family Income In The US Economy By: Reverend Leo Woodberry
We have gone through a difficult three years from 2020 to 2022. We have had to deal with the end of one war in Afghanistan, and the beginning of another war in Ukraine. We have also had to deal with COVID fractures in the supply chain, shortages, illnesses, and death. Many people point to what has happened in the last couple of years and blame it on the pandemic. However, when we look at the actual figures, we see that what has happened to the income of most Americans and the impact they have on the US economy has not as much to do with COVID as people would have you to believe. One way that we can deal with the declining income of US families, the super explosion of wealth with the 1% of the US population is to provide a just transition as we move from a fossil fuel based economy to a clean renewable energy economy. However, the only way that this economic transition can take place is to ensure that people with a history
of pollution and property as well as the middle class gain economic support from the Inflation Reduction Act, Justice 40, CHIPS and many of the economic developments within the United States of America. If we look at the Pew Research Center study and the decline of income among families in the USA just in the year 2021, we will notice that middle class income declined by 50%, poor and low-income people's wealth decline by 29%, and those in the upper class wealth also declined by 21%. One may say that these economic downturns are related to the pandemic. However, an article in Fortune magazine written by Will Daniel, “U.S. companies post their biggest profit growth in decades by jacking up prices during the pandemic” also lets us know that during the pandemic year of 2021 the wealth that was attained by the 1% was actually 50 billion dollars that was gained by 90% of the rest of the US population. Corporations had a bumper year in 2021 with their revenue increasing by 22.6%
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