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(The Week)   The Black wealth gap proves racism is alive and well   (theweek.com) divider line
    More: Murica, African American, Black people, Black family, White people, Race, Black families, fraction of the wealth of white Americans, African Americans  
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604 clicks; posted to Business » on 28 Sep 2020 at 5:19 AM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-09-28 5:39:20 AM  
5 votes:
I know there are wealth Gaps, not here to argue the existence of them.
However the average black family net worth of under 17K....
I don't know, that seems awfully low and I just assumed non whites and especially non white women make A LOT LESS than their equivalent white counterpart.
But THAT much lower??
You'd think it would of been brought to the for front a long time ago or horribly faken advantaged of by corporations.
Why pay Mr. White  $100,000 when I can pay Mr. Black $50,000 or less for the same job and demand more out of him??
 
2020-09-28 1:04:31 PM  
4 votes:

slantsix: Exception Collection: It is, but not that blatantly.   You see, when they were hired, Mr. White successfully argued for a higher salary because he had an offer from another company, so he started at 60k.  Mr Black started at 50k.  The next year, Mr Black got uppity, using his above-average profitability to push for a $5k raise instead of $2k...

In my experience, your take is incredibly accurate - and not because I'm black (I'm not) but because I grew up poor. Had to pay 100% of college costs myself. I'll never have an inheritance. Had to work constantly during high school and college to pay my bills, though never worked in my field until graduation. I definitely didn't grow up with any network connections and was saddled with incredible debt when starting out as a professional. Even at 40, it means I've not been able to save any substantial nest egg despite a near $100k/yr salary - it's all going to pay for the things I had to pay for myself (ie everything). If only my parents had had a little more money, everything would have been a lot easier to start with, and that shiat compounds over time, no matter the colour of your skin. I can only imagine what it must feel like to grow up poor and black or indigenous.


Yes, but are you ever followed around in stores? Did your elementary teachers automatically dismiss you as a failure, and openly treat you differently, specifically because you were black?

Was your Army engineer father denied a job in his field because he wasn't white, forcing him to raise his daughters in redlined, poorer neighborhoods?

Did you ever travel to see relatives down South, and never stay in hotels, because they don't like "coloreds?" Have you ever had gas station owners yell at your 6'6, platoon sergeant dad, who just came back from serving two tours of duty in Vietnam, saying he can buy his gas, but those "n***a gals" will never use his toilet?

Have you ever been pulled over by the cops? Have you ever been forced to sit on the curb with your hands cuffed behind your back, while the police searched your car? Did they find nothing, because they pulled you over for nothing, but sent you home with a warning anyway, because cops are never wrong?

Or have you ever been pulled over by the cops while riding in the passenger side of your white male friend's car? Did they ever farking ask your friend if he knew you, or if you were a prostitute, right the fark in front of your face?

Did you ever have to use dangerous chemicals containing lye to straighten your hair to make it more pleasing to white people? Did you ever want to lighten your skin to be more pleasing to white people? Did you ever want to be any other ethnicity and/or gender other than that of a white male?

Have you ever been an affirmative action hire for a really good job? Did you appreciate the hell out of it, because not only were you the first in your family to get that type of job, you were the first to even graduate from college? And at that job, were you continually passed over for promotions , because your college degree and on air experience couldn't compete with the high school diploma, and perky tits of the blonde haired, blue eyed white girl?

Do you ever get overcharged for a car, or house, because you're black? Does your doctor tell you you couldn't possibly be in pain because, "blacks have less sensitive nerve endings?" Ever had a white gyno doc do a pap smear on you, and have his fingers probe you a little longer than he should? It's because he assumed there was no way you could be black, and still a virgin at 18?

Do you find yourself at 51 years old, with a master's degree, cleaning buildings? Do you lie awake at night, fearful for the young black men in your family being pulled over by cops, or harassed by a random white supremacist for being in the wrong neighborhood, dating the wrong white girl, at the wrong time?

Did you ever lose a family member or friend to gang or police violence? Did you ever have to join a gang?

Do you even farking know what its like to be discriminated against, both subtlety and overtly? Have you ever been called one of the most degrading, and dehumanizing, if not outright dangerous word, perhaps in the history of race? (It's a social construct!) And even though you hear young rappers throw it around like a badge of honor, you know that if any of them heard it from you, fists will be thrown? The irony is, you also have the power to back up your aggression, with little to no interference from the authorities. Because when you say it, there is nothing good, musical, or funny about it. We use it to reclaim it. You use it to be cruel and nasty. And you seem like the type to actually have the nerve to be jealous that you can't use your degrading insult the way we do!

Fark you, and your weak ass comparisons and "whatabout-isms."  You grew up poor. So the fark did I. Don't ever compare being a poor white boy, to being African American. You have no goddamned idea, and it makes you sound bitter and racist. We blacks didn't make your life miserable. Your fellow white compatriots did. Now that you're in their upper ranks, you should appreciate that. Cause you get to be white, and pretend you know what suffering is. You have no farking idea.
 
2020-09-28 10:46:28 AM  
3 votes:
All ___ people, poor and wealthy, all as one average as if they have jack shat to do with each other.

The ___ skinned person living without running water or electricity that includes squirrel and opossum on their dinner table ain't the fook involved in making that wealth gap.

It's articles like this, that draw the lines along skin color INSTEAD OF WEALTH, that are why all the DUMB POOR PEOPLE, they are, their education is for shat and we all know it.
Black or white don't the fook change shiat about  poor and ignorant.
Just helps the poor dumb whites be more easily indoctrinated to racism and not notice how all the poors just get the hard fooking by the wealthy, regardless of their skin color.


Poor mofo squatting in abandon buildings and not eating without catching and killing it actually exists, and as long as you keep lumping tghem in with the wealthy ones, this shiat is NEVER CHANGING.


REALITY IS:
CLASSISM

The illusions to keep the stupid poors from figuring it out:
RACISM.

As long as our minds are so narrow as to stop thinking after considering skin color, so ignorant as to not understand that RACE is not interchangeable with CULTURE.
Once is real, the other just make believe.
A make believe that pretends feather is an impermeable barrier that makes it so we can't share with you and you can't become one with us.

BUT THAT'S A FOOKING LIE.

You can share a culture with ANYONE.
Anyone can choose to change their own behaviors and take on a new cultural norm if they want to.
Race is a lie told by assholes to trick stupid people into believing that's impossible.


Have you been fooled by that? Do you spread the lie of race, when the truth is CULTURE, and that we can in fact CHOOSE that for ourselves, regardless of what color skin we got out of the DNA LOTTO that is our existence?
 
2020-09-28 9:00:53 AM  
3 votes:
Fark user imageView Full Size
 
2020-09-28 10:03:15 AM  
2 votes:

brizzle365: me looking for my $171k

[i.kym-cdn.com image 426x213] [View Full Size image _x_]


Fark user imageView Full Size
 
2020-09-28 9:39:40 AM  
2 votes:
The world owes you nothing.
 
2020-09-28 6:54:42 AM  
2 votes:
Cleveland Fed dug into this last year.  Their conclusion: the difference in initial wealth conditions drops off very quickly as the primary driver of the gap, with income disparities as the primary cause.

https://www.clevelandfed.org/newsroom​-​and-events/publications/economic-comme​ntary/2019-economic-commentaries/ec-20​1903-what-is-behind-the-persistence-of​-the-racial-wealth-gap.aspx
Fark user imageView Full Size
 
2020-09-28 6:22:20 AM  
2 votes:
The wealth gap lists the worth, not income. And yes corporations have been taking advantage of the wealth gap.

/ Can you say usury, I knew you could.
// And to repeat again, the game has been rigged, it has always been rigged. Difference is there has been nobody standing up to those that rig the game, so life keeps being skewed in favor of those with wealth, even more.
/// At some point the system gets a correction, or failing that, a reset. No snark just cold, dead analysis.
 
2020-09-28 3:08:26 PM  
1 vote:

BlackChickWhiteAccent: slantsix: Exception Collection: It is, but not that blatantly.   You see, when they were hired, Mr. White successfully argued for a higher salary because he had an offer from another company, so he started at 60k.  Mr Black started at 50k.  The next year, Mr Black got uppity, using his above-average profitability to push for a $5k raise instead of $2k...

In my experience, your take is incredibly accurate - and not because I'm black (I'm not) but because I grew up poor. Had to pay 100% of college costs myself. I'll never have an inheritance. Had to work constantly during high school and college to pay my bills, though never worked in my field until graduation. I definitely didn't grow up with any network connections and was saddled with incredible debt when starting out as a professional. Even at 40, it means I've not been able to save any substantial nest egg despite a near $100k/yr salary - it's all going to pay for the things I had to pay for myself (ie everything). If only my parents had had a little more money, everything would have been a lot easier to start with, and that shiat compounds over time, no matter the colour of your skin. I can only imagine what it must feel like to grow up poor and black or indigenous.

Yes, but are you ever followed around in stores? Did your elementary teachers automatically dismiss you as a failure, and openly treat you differently, specifically because you were black?

Was your Army engineer father denied a job in his field because he wasn't white, forcing him to raise his daughters in redlined, poorer neighborhoods?

Did you ever travel to see relatives down South, and never stay in hotels, because they don't like "coloreds?" Have you ever had gas station owners yell at your 6'6, platoon sergeant dad, who just came back from serving two tours of duty in Vietnam, saying he can buy his gas, but those "n***a gals" will never use his toilet?

Have you ever been pulled over by the cops? Have you ever been forced to sit on the curb with your hands cuffed behind your back, while the police searched your car? Did they find nothing, because they pulled you over for nothing, but sent you home with a warning anyway, because cops are never wrong?

Or have you ever been pulled over by the cops while riding in the passenger side of your white male friend's car? Did they ever farking ask your friend if he knew you, or if you were a prostitute, right the fark in front of your face?

Did you ever have to use dangerous chemicals containing lye to straighten your hair to make it more pleasing to white people? Did you ever want to lighten your skin to be more pleasing to white people? Did you ever want to be any other ethnicity and/or gender other than that of a white male?

Have you ever been an affirmative action hire for a really good job? Did you appreciate the hell out of it, because not only were you the first in your family to get that type of job, you were the first to even graduate from college? And at that job, were you continually passed over for promotions , because your college degree and on air experience couldn't compete with the high school diploma, and perky tits of the blonde haired, blue eyed white girl?

Do you ever get overcharged for a car, or house, because you're black? Does your doctor tell you you couldn't possibly be in pain because, "blacks have less sensitive nerve endings?" Ever had a white gyno doc do a pap smear on you, and have his fingers probe you a little longer than he should? It's because he assumed there was no way you could be black, and still a virgin at 18?

Do you find yourself at 51 years old, with a master's degree, cleaning buildings? Do you lie awake at night, fearful for the young black men in your family being pulled over by cops, or harassed by a random white supremacist for being in the wrong neighborhood, dating the wrong white girl, at the wrong time?

Did you ever lose a family member or friend to gang or police violence? Did you ever have to join a gang?

Do you even farking know what its like to be discriminated against, both subtlety and overtly? Have you ever been called one of the most degrading, and dehumanizing, if not outright dangerous word, perhaps in the history of race? (It's a social construct!) And even though you hear young rappers throw it around like a badge of honor, you know that if any of them heard it from you, fists will be thrown? The irony is, you also have the power to back up your aggression, with little to no interference from the authorities. Because when you say it, there is nothing good, musical, or funny about it. We use it to reclaim it. You use it to be cruel and nasty. And you seem like the type to actually have the nerve to be jealous that you can't use your degrading insult the way we do!

Fark you, and your weak ass comparisons and "whatabout-isms."  You grew up poor. So the fark did I. Don't ever compare being a poor white boy, to being African American. You have no goddamned idea, and it makes you sound bitter and racist. We blacks didn't make your life miserable. Your fellow white compatriots did. Now that you're in their upper ranks, you should appreciate that. Cause you get to be white, and pretend you know what suffering is. You have no farking idea.


This was a superb reply. Thank you.
 
2020-09-28 12:12:28 PM  
1 vote:

Hachitori: High high school drop-out rates are not helping Blacks move up the economic scale.


https://www.governing.com/gov-data/edu​cation-data/state-high-school-graduati​on-rates-by-race-ethnicity.html

"Graduation rates vary greatly by state and race. Nationwide, black students graduated at a rate of 69 percent; Hispanics graduated at 73 percent; whites graduated at a rate of 86 percent."


That's racist /s

As is pointing out that membership in gangs for black Americans is 300% of their population ratio.

Fark user imageView Full Size


Which leads directly to incarceration statistics.

Not many companies look for that on a resume.
 
2020-09-28 10:33:59 AM  
1 vote:

G. Tarrant: TotallyRealNotFake: I know there are wealth Gaps, not here to argue the existence of them.
However the average black family net worth of under 17K....
I don't know, that seems awfully low and I just assumed non whites and especially non white women make A LOT LESS than their equivalent white counterpart.
But THAT much lower??
You'd think it would of been brought to the for front a long time ago or horribly faken advantaged of by corporations.
Why pay Mr. White  $100,000 when I can pay Mr. Black $50,000 or less for the same job and demand more out of him??

The same question is asked when someone mentions the gender pay gap; why pay a man $1 if you can pay a woman $0.70 (or whatever the number is)? But it's not a question of real value, it's a question of perceived value. The person paying that salary doesn't perceive what the woman is doing there as being as valuable to the business EVEN WHEN SHE IS DOING THE SAME (or more!) WORK. Traits considered to be positives in male (or buddy-buddy white) employees and worth rewarding are often considered to be negatives in female (or black) employees and they get bad marks for. Hell, it shows up all over - in auditions for the highest level of world orchestras, expert-trained ears would judge a woman's playing to be worse than men's - but only when they could SEE that they were women. When the auditions were done blindly, the women tended to get parts more equivalent to their actual playing ability.


If there was a real 30 cent an hour pay gap for the same work, there would be companies that would exploit the hell out of that, and become richer than Bezos.  The fact that a single company hasn't figured out how to do it shows it's not real.
 
2020-09-28 9:45:19 AM  
1 vote:

stellarossa: The world owes you nothing.


Well, if I take that as addressed to me, it's certainly true.
The world owes ME nothing, for sure.
 
2020-09-28 9:42:26 AM  
1 vote:

TotallyRealNotFake: I know there are wealth Gaps, not here to argue the existence of them.
However the average black family net worth of under 17K....
I don't know, that seems awfully low and I just assumed non whites and especially non white women make A LOT LESS than their equivalent white counterpart.
But THAT much lower??
You'd think it would of been brought to the for front a long time ago or horribly faken advantaged of by corporations.
Why pay Mr. White  $100,000 when I can pay Mr. Black $50,000 or less for the same job and demand more out of him??


The same question is asked when someone mentions the gender pay gap; why pay a man $1 if you can pay a woman $0.70 (or whatever the number is)? But it's not a question of real value, it's a question of perceived value. The person paying that salary doesn't perceive what the woman is doing there as being as valuable to the business EVEN WHEN SHE IS DOING THE SAME (or more!) WORK. Traits considered to be positives in male (or buddy-buddy white) employees and worth rewarding are often considered to be negatives in female (or black) employees and they get bad marks for. Hell, it shows up all over - in auditions for the highest level of world orchestras, expert-trained ears would judge a woman's playing to be worse than men's - but only when they could SEE that they were women. When the auditions were done blindly, the women tended to get parts more equivalent to their actual playing ability.
 
2020-09-28 7:09:52 AM  
1 vote:
The Dubois Cook center had a different take, and seems to form the basis of the Week's oped. Worth reading to get a more nuanced perspective:

https://socialequity.duke.edu/wp-cont​e​nt/uploads/2020/01/what-we-get-wrong.p​df
 
2020-09-28 6:37:28 AM  
1 vote:

TotallyRealNotFake: I know there are wealth Gaps, not here to argue the existence of them.
However the average black family net worth of under 17K....
I don't know, that seems awfully low and I just assumed non whites and especially non white women make A LOT LESS than their equivalent white counterpart.
But THAT much lower??
You'd think it would of been brought to the for front a long time ago or horribly faken advantaged of by corporations.
Why pay Mr. White  $100,000 when I can pay Mr. Black $50,000 or less for the same job and demand more out of him??


It is, but not that blatantly.   You see, when they were hired, Mr. White successfully argued for a higher salary because he had an offer from another company, so he started at 60k.  Mr Black started at 50k.  The next year, Mr Black got uppity, using his above-average profitability to push for a $5k raise instead of $2k, while Mr White got a talking to regarding his less than acceptable work speed 'but you're going to make a fine engineer one day, the quality of your work is quite high' so he got a $6k raise.

Fast forward five years.  They both have professional licensing.  Mr White has been placed in charge of a team of interns, so between annual raises and whatnot he's making $100k.  Mr Black, on the other hand, isn't management material so he's making $65k.

Oh, and Mr White's family paid for a third of his education, with a lacrosse scholarship covering another third, leaving a third of the cost of his college as low-interest student loans.  Mr Black's family couldn't help him, and his scholarship for academic excellence was only 10%, with the remainder being high-interest loans.

Meanwhile, Mr. Shen, an H1-B with ten years of experience, is making $50k.

/The names are odd; Every Mr White I've known has been African American.
//Every Mr Black I've known has been white.
///Oh, and add to all of the above, Mr White was able to intern over the college summers for a firm a friend of the family owned, while Mr Black had to work three part time minimum wage jobs to make sure he didn't starve.
 
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