Banking on the Unbanked
About the Episode
Access to capital has long been used to deny Black communities economic advancement. In this episode we talk wage equity, banking, and crypto to build new pathways to financial independence.
“Operating businesses during this global health pandemic has been one of the greatest challenges of my career, and I’ve been in business for more than 30 years. You have to turn the pain into purposes.”
“Fifteen dollars an hour is not a sufficient living wage when the milk is five dollars and bread is three dollars…We must keep pushing forward to equal wages and living wages for people in our community.”
“Even though Black women have some of the highest labor force participation rates and some of the highest education rates, unfortunately that does not seem to be narrowing the wage gap…Black women who have a master’s, make less than white men with a bachelor’s.”
“I think the challenge around when we talk about why are so many people unbanked, I think is about access to an institution that is very structured and that people have an unfamiliarity with.”
“The biggest concern in our community is trust. So, we’re providing something that breaks down those barriers to trust, which is a public ledger [that is] providing us with the data so that we can see where the money is flowing in and out of the community and where it’s making an impact.”
“Your constitution / No resolution / It’s your illusion / Your confusion / My mind you won’t prostitute / I’m gon get the loot / I’m gonna call the Troops / We for the youth / And you for da boot.”