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The company I worked for before I retired had government contracts and was always searching for qualified blacks to promote. The more blacks in management the better. Of course they were also looking to promote Vietnam vets, women and employ handicapped people.Blacks should be laughing up their sleeves that whites are dumb enough to let them into their schools. They should then take full advantage of the educational opportunities.
“The persistent racial wealth gap in the United States is a burden on black Americans as well as the overall economy.” - The economic impact of closing the racial wealth gap, McKinsey and Company
"The racial wealth gap being closed will entail a 4 to 6 percent increase in the US GDP by 2028, McKinsey reports. This is an increase of $2,900 to $4,300 in GDP per capita. We see that closing this gap will not only promote equity, it will also prevent this gap from inhibiting the economic growth of the US."- The economic impact of closing the racial wealth gap, McKinsey and Company
In 2011, DEMOS did a study named “The Racial Wealth Gap, Why Policy Matters,” which discussed the racial wealth gap, its problems, and solutions and outcomes if the gap did not exist. DEMOS determined that policy decisions primarily drove the racial wealth gap in this study.
“The U.S. racial wealth gap is substantial and is driven by public policy decisions. According to our analysis of the SIPP data, in 2011 the median white household had $111,146 in wealth holdings, compared to just $7,113 for the median Black household and $8,348 for the median Latino household. From the continuing impact of redlining on American homeownership to the retreat from desegregation in public education, public policy has shaped these disparities, leaving them impossible to overcome without racially-aware policy change.” -DEMOS
On October 24, 2013, the Kellogg Foundation and Altarum Institute sent out a press release about a report they had done titled, “The Business Case for Racial Equity.” This was a study done by both organizations, using information studied and assessed from the Center for American Progress, National Urban League Policy Institute, Joint Center for Political and Economic Studies and the U.S. Department of Justice.
“Striving for racial equity – a world where race is no longer a factor in the distribution of opportunity – is a matter of social justice. But moving toward racial equity can generate significant economic returns as well. When people face barriers to achieving their full potential, the loss of talent, creativity, energy, and productivity is a burden not only for those disadvantaged, but for communities, businesses, governments, and the economy as a whole. Initial research on the magnitude of this burden in the United States (U.S.), as highlighted in this brief, reveals impacts in the trillions of dollars in lost earnings, avoidable public expenditures, and lost economic output.”
-The Kellogg Foundation and Altarum Institute
On September 3, 2019, Brentin Mock, wrote an article on the Bloomberg.com CityLab website titled, “White Americans’ Hold on Wealth Is Old, Deep, and Nearly Unshakeable” based on a study done by McKinsey and Company called “The economic impact of closing the racial wealth gap.” In this study McKinsey and Company predicted a bleak future if current race based wealth inequality continues.
“It will end up costing the U.S. economy as much as $1 trillion between now and 2028 for the nation to maintain its longstanding black-white racial wealth gap, according to a report released this month from the global consultancy firm McKinsey & Company. That will be roughly 4 percent of the United States GDP in 2028—just the conservative view, assuming that the wealth growth rates of African Americans will outpace white wealth growth at its current clip of 3 percent to .8 percent annually, said McKinsey.
If the gap widens, however, with white wealth growing at a faster rate than black wealth instead, it could end up costing the U.S. $1.5 trillion or 6 percent of GDP according to the firm.”
Groups like DEMOS, the Kellogg Foundation, Altarum Institute, Pew Research and others have done extensive research on the public policies that created these disparities. As we look at the numbers, we see what has caused our economic problem, and it’s not the loss of jobs by the white working class. The numbers show us that many of our national difficulties do not have to exist. Study after study shows that racism is costing America trillions of dollars. We hear all the rhetoric about debts and deficits by our elected officials. The federal government has basically spent more than what it’s taken in for most of the past 50 years. While we have been continually told over time that our deficit comes from entitlements or programs subsidizing people who don’t want to work, multiple studies show that the damage is self-inflicted. If the deficit is a matter of spending vs. revenue, the fact that racism exists in this country robs the government of the income necessary to stay away from deficits and debt. America has a debt of over 30 trillion dollars. Our debt is due to lost taxable income denied because of racism.
Ani Turner, The Business Case for Racial Equity,
https://altarum.org/sites/default/files/uploaded-publication-files/WKKellogg_Business-Case-Racial-Equity_National-Report_2018.pdf
Brentin Mock, “White Americans’ Hold on Wealth Is Old, Deep, and Nearly Unshakeable,” CITILAB, September 3, 2019,
White Americans' Hold on Wealth Is Old, Deep, and Nearly Unshakeable
White families quickly recuperated financial losses after the Civil War, and then created a Jim Crow credit system to bring more white families into money.www.citylab.com
Dana M Peterson, Catherine L Mann, Closing the Racial Inequality Gaps, The Economic Cost of Black Inequality in the U.S., pg. 4,
Closing the Racial Inequality Gaps
The Economic Impact Of Closing The Racial Wealth Gap - CITI I/O
The United States is one of the world’s largest economic power and this is shown in the growth…citi.io
WHITEY MADE GOVERNMENT SPEND MORE MONEY THAN THEY TAKE IN!!!“The persistent racial wealth gap in the United States is a burden on black Americans as well as the overall economy.” - The economic impact of closing the racial wealth gap, McKinsey and Company
"The racial wealth gap being closed will entail a 4 to 6 percent increase in the US GDP by 2028, McKinsey reports. This is an increase of $2,900 to $4,300 in GDP per capita. We see that closing this gap will not only promote equity, it will also prevent this gap from inhibiting the economic growth of the US."- The economic impact of closing the racial wealth gap, McKinsey and Company
In 2011, DEMOS did a study named “The Racial Wealth Gap, Why Policy Matters,” which discussed the racial wealth gap, its problems, and solutions and outcomes if the gap did not exist. DEMOS determined that policy decisions primarily drove the racial wealth gap in this study.
“The U.S. racial wealth gap is substantial and is driven by public policy decisions. According to our analysis of the SIPP data, in 2011 the median white household had $111,146 in wealth holdings, compared to just $7,113 for the median Black household and $8,348 for the median Latino household. From the continuing impact of redlining on American homeownership to the retreat from desegregation in public education, public policy has shaped these disparities, leaving them impossible to overcome without racially-aware policy change.” -DEMOS
On October 24, 2013, the Kellogg Foundation and Altarum Institute sent out a press release about a report they had done titled, “The Business Case for Racial Equity.” This was a study done by both organizations, using information studied and assessed from the Center for American Progress, National Urban League Policy Institute, Joint Center for Political and Economic Studies and the U.S. Department of Justice.
“Striving for racial equity – a world where race is no longer a factor in the distribution of opportunity – is a matter of social justice. But moving toward racial equity can generate significant economic returns as well. When people face barriers to achieving their full potential, the loss of talent, creativity, energy, and productivity is a burden not only for those disadvantaged, but for communities, businesses, governments, and the economy as a whole. Initial research on the magnitude of this burden in the United States (U.S.), as highlighted in this brief, reveals impacts in the trillions of dollars in lost earnings, avoidable public expenditures, and lost economic output.”
-The Kellogg Foundation and Altarum Institute
On September 3, 2019, Brentin Mock, wrote an article on the Bloomberg.com CityLab website titled, “White Americans’ Hold on Wealth Is Old, Deep, and Nearly Unshakeable” based on a study done by McKinsey and Company called “The economic impact of closing the racial wealth gap.” In this study McKinsey and Company predicted a bleak future if current race based wealth inequality continues.
“It will end up costing the U.S. economy as much as $1 trillion between now and 2028 for the nation to maintain its longstanding black-white racial wealth gap, according to a report released this month from the global consultancy firm McKinsey & Company. That will be roughly 4 percent of the United States GDP in 2028—just the conservative view, assuming that the wealth growth rates of African Americans will outpace white wealth growth at its current clip of 3 percent to .8 percent annually, said McKinsey.
If the gap widens, however, with white wealth growing at a faster rate than black wealth instead, it could end up costing the U.S. $1.5 trillion or 6 percent of GDP according to the firm.”
Groups like DEMOS, the Kellogg Foundation, Altarum Institute, Pew Research and others have done extensive research on the public policies that created these disparities. As we look at the numbers, we see what has caused our economic problem, and it’s not the loss of jobs by the white working class. The numbers show us that many of our national difficulties do not have to exist. Study after study shows that racism is costing America trillions of dollars. We hear all the rhetoric about debts and deficits by our elected officials. The federal government has basically spent more than what it’s taken in for most of the past 50 years. While we have been continually told over time that our deficit comes from entitlements or programs subsidizing people who don’t want to work, multiple studies show that the damage is self-inflicted. If the deficit is a matter of spending vs. revenue, the fact that racism exists in this country robs the government of the income necessary to stay away from deficits and debt. America has a debt of over 30 trillion dollars. Our debt is due to lost taxable income denied because of racism.
Ani Turner, The Business Case for Racial Equity,
https://altarum.org/sites/default/files/uploaded-publication-files/WKKellogg_Business-Case-Racial-Equity_National-Report_2018.pdf
Brentin Mock, “White Americans’ Hold on Wealth Is Old, Deep, and Nearly Unshakeable,” CITILAB, September 3, 2019,
White Americans' Hold on Wealth Is Old, Deep, and Nearly Unshakeable
White families quickly recuperated financial losses after the Civil War, and then created a Jim Crow credit system to bring more white families into money.
Dana M Peterson, Catherine L Mann, Closing the Racial Inequality Gaps, The Economic Cost of Black Inequality in the U.S., pg. 4,
Closing the Racial Inequality Gaps
The Economic Impact Of Closing The Racial Wealth Gap - CITI I/O
The United States is one of the world’s largest economic power and this is shown in the growth…
California making all F and A students C students will fix everything!!!Wrong.
All Rise!
An example of how white racism costs the economy.
“I can say for sure that happens because I did it. Before retirement, I was an Engineer. For the last 20 years of my career, I was a Manager and Director and I hired hundreds of people. I reviewed well over a thousand resumes for all kinds of positions. Everything from Secretaries to Engineering Managers. Both Salary and Hourly. I always culled out the resumes with Black Ethnic names. Never shortlisted anybody with a Black Ethnic name. Never hired them.”
“Since the Fortune 50 company I worked for had a stupid "affirmative action" hiring policies I never mentioned it to anybody and I always got away with it. A couple of times I was instructed to improve my departmental “diversity" demographics but I always ignored it and never got into any trouble. My stereotype is that anybody with a stupid ghetto Black ethnic name is probably worthless. I could have been wrong a couple of times but I was also probably right 99% of the time.
Glad I did it. I would do it again.”
This is a scenario copied millions of times per day. And whatthis does is create unemplyed peope who end up getting government assistance. So what this raciam does is take a potential productive tax paying citizen and turns them into a tax drawing prson onwelfare or other types of assistance.
Here are more.
Payscale did a two-year study from 2017 to 2019, and this is their conclusion: "we find equal pay for equal work is still not a reality." They studied the earnings of white men and men of color using data from 1.8 million employees. They found that no matter how far they advanced, black men made less than white men with the same qualifications. According to the study, “black men were the only racial/ethnic group not achieving pay parity with white men at some level." The study showed that black men had the most significant pay gap relative to white men and that on average, black men earned 87 cents for every dollar a white man earned.
The National Women’s Law Center also showed that black women are paid less than other women. Black women are paid 63 cents for every dollar paid to white men based on calculations used in the study. Where this impacts black single mothers is this study shows a pay difference of over 20,000 dollars per year. "Black women have to work more than 19 months—until the very last day of July—to make as much as white, non-Hispanic men did in the previous 12-month calendar year."
So then if you are a black married couple on average, you make 75 cents for every dollar a white couple makes. This loss in pay again, creates people who don't earn enough to pay taxes, and/or don't earn enough and get public assistance, once agan drawing out money from government revenues without putting any in. And that's just blacks. We can add hispaics most Asians, Pacific Islanders, Native Americans and women to this list.
And don't start with the excuses. blacks with collegedegrees earn as much as whites with no college.
"Even after completing undergraduate and graduate degrees, black and Hispanic workers earned less than non-Hispanic white workers with the same, or often less, education."
- Roy Eduardo Kokoyachuk, ThinkNow Research
And the field of study has nothing to do with it.
"Even when Blacks and Hispanics go the extra mile and earn professional degrees, their incomes still don’t break six figures. Whites and Asians, however, double their incomes by earning professional degrees, allowing them to make well over $100,000 a year."
- Roy Eduardo Kokoyachuk, ThinkNow Research
White racists aren't too bright. So we will continue to see ignorant responses or personal attacks by the bigots instead of the recognition that white racism is causing our economy to fail. It is also creating defcits because of lost tax revenue.
Remove the 'white alligators' and you're left with South Africa.
There’s a different reason: Affirmative Action admits less qualified blacks* into professional programs when they wouldn’t have gotten in if white. Because they were less academically qualified, they struggled to keep up with their white and Asian peers. Perhaps the lower achievement carried on into the workplace, and thus it shows up in earnings."Even when Blacks and Hispanics go the extra mile and earn professional degrees, their incomes still don’t break six figures. Whites and Asians, however, double their incomes by earning professional degrees, allowing them to make well over $100,000 a year."
Whites and Asians get real degrees.
What was your degree in again?
There’s a different reason: Affirmative Action admits less qualified blacks* into professional programs when they wouldn’t have gotten in if white. Because they were less academically qualified, they struggled to keep up with their white and Asian peers. Perhaps the lower achievement carried on into the workplace, and thus it shows up in earnings.
Once med and law schools no longer admit lower-achieving students based on skin color, then the earnings will equalize as well.
*About 2 out of 3 would have been rejected based on merit rather than race.
