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Does this study account for all of the women that have entered the workforce? Or the greater access to jobs blacks and other minorities have gained in this time
by baron816 6y ago
Does this study account for all of the women that have entered the workforce? Or the greater access to jobs blacks and other minorities have gained in this time. Or the influx of immigrants?
A lot of labor activists complain about “greedy corporations moving jobs to low wage countries.” What does replacing one $50k job here with 10 $5k job in India do to inequality? In a global economy, I don’t think you can have a serious conversation about inequality unless you talk about global inequality. I don’t know what the data there says, but there’s no question that there are far fewer people living in extreme poverty now than 50 years ago. Part of that is driven by some (low skilled) Americans living a slightly less cozy lifestyle.
- ChomskyNormal4m 6y ago> Or the greater access to jobs blacks and other minorities have gained in this time. The black unemployment rate - 13% according to the Federal Reserve - is higher than it was a half century ago.
- refurb 6y agoBlack unemployment was 5% back in November. Lowest in 40 years. Of course it went up when the gov’t said businesses have to shutdown.
- deleted 6y ago[deleted]
- matthewmacleod 6y agoThis is wildly misleading because it’s obviously a terrible time to make any useful historical comparisons. At the end of 2019, unemployment rate among Black people in the US was about 5.5%.
- ChomskyNormal4m 6y agoIf saying "now" is "terribly misleading" - the Federal Reserve says black unemployment was higher from 2010 to 2012 then it is now.
- matthewmacleod 6y agoAs was the overall unemployment rate! Was there anything that happened just before 2010 that might’ve caused that?