Black Money Business Jobs : Report: ‘Racial Rules’ Widen Economic Inequality for African Americans

Discussion in 'Black Money Business Jobs' started by Liberty, Jun 22, 2016.

  1. Liberty

    Liberty going above and beyond PREMIUM MEMBER

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    A new study explores the historical roots of the widening racial inequality gap.

    [​IMG]

    In this photo taken Wednesday, June 10, 2015, Lashrundra Wilfork, right, helps her daughter, Nala Wilfork, fill out a job application at a job fair in Sunrise, Florida.

    The income gap between rich and the poor Americans is the highest it has been in nearly 100 years, but the racial inequality gap is even wider. From high school graduates to graduate degree holders, black men and women today continue to earn less than similarly skilled white men and women. Yet missing from this conversation is a full understanding of the historical forces that have constrained African American earning power.


    The Washington-based Roosevelt Institute, a nonprofit economic think tank, recently released the study, “Rewrite the Racial Rules: Building an Inclusive American Economy,” that explains how the country’s racial history affects the national economic landscape that African Americans must navigate. “A series of racial rules has really set the foundation for the racial and economic inequality,” explains Andrea Flynn, an Institute fellow who co-authored the study.

    Read more

    http://prospect.org/article/report-‘racial-rules’-widen-economic-inequality-african-americans
     
  2. chuck

    chuck Well-Known Member MEMBER

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    On point and on time!!
     
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  3. chuck

    chuck Well-Known Member MEMBER

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    Thanks for keeping it within a historical context!!

    fyi
     
  4. Monetary

    Monetary going above and beyond PREMIUM MEMBER

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    We need to create businesses and hire qualified Black people.
     
  5. Liberty

    Liberty going above and beyond PREMIUM MEMBER

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    We do. But, the ptb even constrict our ability to get business loans. If we worked together, we could overcome that obstacle.
     
  6. Monetary

    Monetary going above and beyond PREMIUM MEMBER

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    Yes, we can overcome that by giving loans to yourselves. Put our money in our community banks and have those banks give business loans to Black people with great business plans.

    I agree.
     
  7. Monetary

    Monetary going above and beyond PREMIUM MEMBER

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    Chuck...then we get them qualified. Remember your idea of vocational training?
     
  8. Liberty

    Liberty going above and beyond PREMIUM MEMBER

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    Our problem is not so much money, but how we spend our money on disposable goods, and who we spend our money with, imo.


    2015

    "Black buying power is
    projected to reach $1.2 trillion this year and $1.4 trillion by 2020, according to a report from the University of Georgia’s Selig Center for Economic Growth. That’s 275 percent growth since 1990, when black buying power was $320 billion. Already black consumers represent the largest consumers of color group in the marketplace, the report shows. That trend will continue as the country becomes more diverse, driven in part by growth in immigration from the Caribbean and Africa."

    Read more

    http://www.theatlantic.com/politics...ers-have-unprecedented-impact-in-2015/433725/
     
  9. GrayMatter

    GrayMatter Active Member MEMBER

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    Great article but it does not address today. We were discriminated against in the past. Do yall really believe Blacks cant get paid today (paid fairly for skill level)? I am incredulous but open to learning. In my corporate experience, firms are scared to death of perceived racism and sexism. We have Black VPs and actively recruit HBCUs. We have so many programs designed to put the spotlight on young Men and Women of color. The massive focus on STEM training is leveling the playing field in tech that was formally white male dominated. I respect the past but 2016 is a whole new ballgame. The business man that intentionally doesnt hire is less competitive. And the business woman that doesnt compensate adequately is at risk of losing us.
     
  10. chuck

    chuck Well-Known Member MEMBER

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    We do need to urge our african descendants wordwide to rise above merely being consumers:

    Also we should advance the concept of collective economic empowerment in 2016!
     
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