U.S Racial Income Divide Widens

Discussion in 'Business & Economics' started by D'ster, Jul 6, 2006.

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  1. D'ster Registered Senior Member

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    Racial income divide widens in US - report
    06 July 2006

    NEW YORK: African-Americans' share of US national income has narrowed in recent years as a weak job market helped pull back earlier strides, according to a report published on Wednesday.

    A black family's median income was 62 per cent of the earnings of their white counterparts, down from 63.5 per cent in 2000, the Economic Policy Institute said.

    "The racial gap widened by 2004 as a result of the recession and the jobless recovery that followed," said Jared Bernstein, economist at the Washington think-tank.

    Unemployment helped erase the progress that had been made since 1995, when the level was closer to 61 per cent. Had the jobless rate remained at 4 per cent, as it was in 2000, the share of black incomes would have risen to 63.9 per cent of whites'.

    "That 1.9 percentage point difference translates to an income loss for the typical black family of over $US1,000 in 2004 alone," the report said.
    http://www.stuff.co.nz/stuff/0,2106,3723295a12,00.html
     
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  3. James R Just this guy, you know? Staff Member

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    Historically, black people have been shut out of high-income jobs, as you know.
     
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  5. D'ster Registered Senior Member

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    What does that have to do with today?
     
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  7. James R Just this guy, you know? Staff Member

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    Don't you know?

    Think about it. If your parents had low-income jobs, they could not afford to buy their own house and were forced to spend their income on rent rather than your education. You, in turn, get a low income job and cannot afford a house.

    But things are even worse than that, since in the recent past even if black people got enough money together to buy a house, they were often not allowed to move into good neighbourhoods. That meant that the appreciation on the value of their houses was much less than that of the average white home owner.

    Note that for most Americans, the major part of their personal wealth is tied up in their homes. The appreciation of that wealth, and the ability to pass on its benefits to their children, has huge impacts on the present.

    It is a shame you never took the time to find this out for yourself.
     
  8. D'ster Registered Senior Member

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    James, things for blacks are getting worse.
     
  9. James R Just this guy, you know? Staff Member

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    No, I don't think so.
     
  10. D'ster Registered Senior Member

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    Against the celebratory backdrop of the 50th anniversary of the U.S. Supreme Court’s 1954 ruling in Brown versus Board of Education, a new labor market study finds that many of the nation’s African-American men face growing joblessness and year-round idleness problems.

    http://www.nupr.neu.edu/7-04/unemployment.shtml
     
  11. James R Just this guy, you know? Staff Member

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    So, what do you think should be done about this, D'ster?
     
  12. D'ster Registered Senior Member

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    Nothing
     
  13. Fraggle Rocker Staff Member

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    This was where Affirmative Discrimination came from. It is not invalid to argue that poverty has a powerful self regenerating force. It was proper to do everything we could to get disadvantaged kids of any color into school, keep them there regardless of their parents' lack of ability (or motivation) to do so, and stomp out the roots of racism so that when they got out of school they'd have as fair a chance at a good life as anyone else. Yes, including the inculcation of self esteem and all that touchy-feely stuff. But that required more effort than we were willing to expend, more cleverness than we were able to muster, and perhaps more purity of heart than we all had. So to make up for it we just decided to give them preferential treatment that they had "earned" through a pitiful history rather than personal achievement and qualification.

    Without remembering the rule, "You can never do just one thing."
     
  14. D'ster Registered Senior Member

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    It is very clear today what limitations blacks have in a civilized socity.

    Feeling sorry for blacks is not helping.
     
  15. James R Just this guy, you know? Staff Member

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    Interesting. Then why are you so keen to discuss it? You obviously have nothing useful to offer.
     
  16. The Devil Inside Banned Banned

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    racism is the answer, james.

    read his other posts!! one racist ad hom after another.
     
  17. D'ster Registered Senior Member

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    Just more facts that shows that a high percent of blacks do not want to work.
     
  18. G. F. Schleebenhorst England != UK Registered Senior Member

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    In a country where education is so expensive poverty is self-regenerating, perhaps....but here in this country we see the same thing. Anyone can apply to have their fees paid and here if you are poor or from a broken home you will get grants and bigger loans than someone whose parents can afford it....and yet the same thing happens....therefore, that excuse is invalid. It doesn't matter whether your parents are poor, just whether you wish to learn or not.

    In black culture it simply isn't cool to learn, in fact it's cool to be ignorant....to be a "playa" or a "pimp" and wear lots of big colourful clothes and have lots of "hoes" (for reference see africa) which naturally leads to low paying jobs and poverty. Coupled with social irresponsibility, which leads to teenage pregnancy, too many kids to feed....well, it's not hard to see.

    Time and time again the only thing black people can do is blame the white man for their problems.
     
  19. The Devil Inside Banned Banned

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    well, since the media that spoonfeeds them their trends is predominantly white owned, it isnt difficult to see why they blame whitey.

    that isnt to say that their decisions arent their own responsibility, but it IS a good indicator of why they would be predisposed toward that particular opinion.
     
  20. James R Just this guy, you know? Staff Member

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    D'ster:

    Nobody is really interested in your version of "fact".
     
  21. G. F. Schleebenhorst England != UK Registered Senior Member

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    No one spoonfeeds them that shit. It comes direct from within their own society. Do you seriously think people in the "ghetto" are influenced into buying shit by the media like middle class white kids are? Everything black youths aspire to started in the "ghetto", or came across from africa in their blood.

    You don't have to look far to see where "Bling" and "hoes" comes from. Just look at african tribal society...."big chiefs" and trading women for cattle....same thing.

    The only thing that is unclear is whether they butcher african languages like they do with English.
     
  22. The Devil Inside Banned Banned

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  23. redarmy11 Registered Senior Member

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    Do you think it's a black thing or a poor thing? I think it's a poor thing. I also think you're a fool if you disagree.

    Here: read about poverty cycles.
     
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