Statement of Principles

OUR STATEMENT

WHEREAS, the U.S. is one of the wealthiest countries in the world but prosperity and well-being are not broadly shared. Nearly 40% of Americans cannot afford a single $400 emergency, and rising income inequality is compounded by a growing racial wealth gap; and

WHEREAS, the median white worker made 28% more than the typical Black worker and 35% more than the median Latinx worker in the last quarter of 2019, and the median wealth of white families was more than $100,000 while the median wealth of Black families was approximately $10,000 prior to the coronavirus pandemic; and 

WHEREAS, women - particularly women of color - are the most likely to live in poverty, are overrepresented in low-paying occupations, and are far more likely to lack access to sick leave and health care benefits; and 

WHEREAS, Black women are paid 66 cents for every dollar that is paid to white men, and Latinas make even less at 58 cents for every dollar white men make; and

WHEREAS, we live in a time of pandemics and climate disruptions, and everyone deserves an income floor through a guaranteed income, which is a monthly, cash payment given directly to individuals. It is unconditional, with no strings attached and no work requirements. A guaranteed income is meant to supplement, rather than replace, the existing social safety net and can be a tool for racial and gender equity. 

WHEREAS, a guaranteed income empowers recipients to address their most urgent needs and provides a cushion for unpredictable expenses, external shocks, and volatility; and

WHEREAS, as mayors, our problems may look different from town to town, but we are united in our duty to ensure the economic security of our residents through a guaranteed income. 

Now, therefore, we resolve to work together to advance the following principles:

  1. Advocate for a guaranteed income at the local, state, and federal level.

  2. Invest in narrative change efforts to highlight the lived experiences of economic insecurity. 

  3. Invite other cities to join us in our efforts, and provide technical assistance and funding support for new pilots.