This Youtube channel is great. This class explores many of the social narratives and presents factual data and discusses the data in a format that many of you would benefit from.... (you know who you are).
But watch the video. Is the black community, really suffering economically as the narrative is preached. Watch and learn. Maybe we can discuss intellectually and leave out emotional bias.
I've bought this up several times. I know the data.
You found a video that suits the narrative you want to believe.
The median income for black households compared to non-Hispanic whites for the last seberal decades show a history of earnings inequality. The numbers used here are from the U.S. Census Bureau, Current Population Survey Annual Social and Economic Supplements (CPS ASEC), Table H-5 Race and Hispanic Origin of Householder--Households by Median and Mean Income: 1967 to 2020. Again, this will reflect that the unwed mother and fatherless home are not the sole cause of economic hardship. It is caused by a problem most want to deny.
In 1972, the American household median income was $9,697 per year. The median income for non-Hispanic white households was $10,318 per year; for Black households, it was $5,938. Black household median income was 58 percent of white households. In 1974, the American household median income was $11,197 per year. The median income for non-Hispanic white households was $11,810 per year; for black households, $6,964.42 Black household median income was 59 percent of what whites made.
Twenty years after the Civil Rights Act was passed (1984), the American household median income was $22,415 per year. The median income for non-Hispanic white households was $24,138 per year; for Blacks, $13,471. Black household median income was 55.8 percent of non-Hispanic white households. In 2004, the annual American household median income was $44,334.45 The median yearly income for non-Hispanic white households was $48,910; for blacks it was $30,095. Black household median income was 61.5 percent of non-Hispanic whites.
In 2014, the annual American median income was $53,657 per year. The median yearly income for non-Hispanic White households was $60.256; for Black households, $35,398. Black household income was 58.7 percent of what Whites made. In 2020, the American household median income was $67,521 per year. The median income for non-Hispanic White households was $74.912; for Blacks households, $45,870.50 Black household median income was 61 percent of white households in 2020.
At no time from 1959 through 2020 have whites and blacks come close to having equal income. Blacks are 13 percent of the American people but have 2.7 percent of the wealth.
Historically, according to Shawn Rochester in his book
“The Black Tax, The Cost of Being Black in America” blacks have lived with the 2 percent rule. The 2 percent rule holds that blacks have been restricted to 2 percent or less of all things that are important to wealth accumulation in America. Right now Rochester’s 2 percent rule for blacks is in effect in these fields: Investment and Business Financing, Corporate Leadership, Education, Media, Medicine, Law, Financial Services, Agriculture, Residential Real Estate, and businesses such as Information Technology, Finance and Insurance, Manufacturing, Agriculture, Oil, Gas and Mining, Utilities and Wholesale Trade.
So lets stop posting videos that allow you to lie to yourself. I don't know where this guy got his charts from but pointing out there is a black middle class doesn't change the real racial disparity in wealth.
