berg80
Diamond Member
- Oct 28, 2017
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Not a sugar high created by a budget busting tax cut aimed at Wall St. profits and the top 10%. Here's how.......
"The economy thrived after World War II in large part because America made it easier for people who had been previously shut out of economic opportunity — women, minority groups, immigrants — to enter the work force and climb the economic ladder, to make better use of their talents and potential. In 1960, cutting-edge research from economists at the University of Chicago and Stanford University has documented, more than half of Black men in America worked as janitors, freight handlers or something similar. Only 2 percent of women and Black men worked in what economists call “high-skill” jobs that pay high wages, like engineering or law. Ninety-four percent of doctors in the United States were white men.
That disparity was by design. It protected white male elites. Everyone else was barred entry to top professions by overt discrimination, inequality of schooling, social convention and, often, the law itself."
The Chicago and Stanford economists calculated that the simple, radical act of reducing discrimination against those groups was responsible for more than 40 percent of the country’s per-worker economic growth after 1960. Clearly there are more opportunities now for previously oppressed people than in the post WWII era.
But over the past several decades, some barriers to advancement for women and nonwhite men have grown back.
"A recent and devastating one is co-authored by a University of Tennessee economic historian,"
We need to do better creating equal opportunities for all both in employment and education.
"The economy thrived after World War II in large part because America made it easier for people who had been previously shut out of economic opportunity — women, minority groups, immigrants — to enter the work force and climb the economic ladder, to make better use of their talents and potential. In 1960, cutting-edge research from economists at the University of Chicago and Stanford University has documented, more than half of Black men in America worked as janitors, freight handlers or something similar. Only 2 percent of women and Black men worked in what economists call “high-skill” jobs that pay high wages, like engineering or law. Ninety-four percent of doctors in the United States were white men.
That disparity was by design. It protected white male elites. Everyone else was barred entry to top professions by overt discrimination, inequality of schooling, social convention and, often, the law itself."
The Real Reason the American Economy Boomed After World War II (Published 2020)
How expanding opportunity for women, immigrants and nonwhite workers helped everyone — and why we need to do so again.
www.nytimes.com
The Chicago and Stanford economists calculated that the simple, radical act of reducing discrimination against those groups was responsible for more than 40 percent of the country’s per-worker economic growth after 1960. Clearly there are more opportunities now for previously oppressed people than in the post WWII era.
But over the past several decades, some barriers to advancement for women and nonwhite men have grown back.
"A recent and devastating one is co-authored by a University of Tennessee economic historian,"
We need to do better creating equal opportunities for all both in employment and education.