- Mar 11, 2015
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Whites are real quick to tell us who aren't about how they don't see racism in America. Therefore because they don't see it, it cannot exist. But we who are not white do not have the same experience and whites can't force it to be the same just because you don't like hearing it.
So let me repost this information. It begins in the year 2000 for those who always make the excuse of how such things are in the past.
Cost Of Racism: U.S. Economy Lost $16 Trillion Because Of Discrimination, Bank Says
Nationwide protests have cast a spotlight on racism and inequality in the United States. Now a major bank has put a price tag on how much the economy has lost as a result of discrimination against African Americans: $16 trillion.
Since 2000, U.S. gross domestic product lost that much as a result of discriminatory practices in a range of areas, including in education and access to business loans, according to a new study by Citigroup.
Specifically, the study came up with $16 trillion in lost GDP by noting four key racial gaps between African Americans and whites:
$13 trillion lost in potential business revenue because of discriminatory lending to African American entrepreneurs, with an estimated 6.1 million jobs not generated as a result
$2.7 trillion in income lost because of disparities in wages suffered by African Americans
$218 billion lost over the past two decades because of discrimination in providing housing credit
And $90 billion to $113 billion in lifetime income lost from discrimination in accessing higher education
So let me repost this information. It begins in the year 2000 for those who always make the excuse of how such things are in the past.
Cost Of Racism: U.S. Economy Lost $16 Trillion Because Of Discrimination, Bank Says
Nationwide protests have cast a spotlight on racism and inequality in the United States. Now a major bank has put a price tag on how much the economy has lost as a result of discrimination against African Americans: $16 trillion.
Since 2000, U.S. gross domestic product lost that much as a result of discriminatory practices in a range of areas, including in education and access to business loans, according to a new study by Citigroup.
Specifically, the study came up with $16 trillion in lost GDP by noting four key racial gaps between African Americans and whites:
$13 trillion lost in potential business revenue because of discriminatory lending to African American entrepreneurs, with an estimated 6.1 million jobs not generated as a result
$2.7 trillion in income lost because of disparities in wages suffered by African Americans
$218 billion lost over the past two decades because of discrimination in providing housing credit
And $90 billion to $113 billion in lifetime income lost from discrimination in accessing higher education
Cost Of Racism: U.S. Economy Lost $16 Trillion Because Of Discrimination, Bank Says
Citigroup estimates the economy would see a $5 trillion boost over the next five years if the U.S. were to tackle key areas of discrimination against African Americans.
www.npr.org
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