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Report: Blacks, Hispanics Lose Economic Ground

From a pivoting to jobs Associated Press:

Report says blacks, Latinos losing economic ground

By JESSE J. HOLLAND | April 3, 2014

WASHINGTON (AP) — African-Americans and Latinos are losing economic ground when compared with whites in the areas of employment and income as the United States pulls itself out of the Great Recession, the latest State of Black America report from the National Urban League says.

And yet we’re told it’s the Republicans who have to reach out to the blacks and Hispanics. But, once again, we need to remind ourselves that the ‘Great Recession’ (which was not particularly bad as recessions go) has been over for almost five years.

The problem is that what we have gotten under Obama and the Democrats has been the worst economic recovery in the history of the nation. But, once again, there is no mention of Obama or the Democrat Party anywhere in this piece. This has just ‘happened.’

The annual report, called "One Nation Underemployed: Jobs Rebuild America," noted that the underemployment rate for African-American workers was 20.5 percent, compared with 18.4 percent for Hispanic workers and 11.8 percent for white workers. Underemployment is defined as those who are jobless or working part-time jobs but desiring full-time work.

The report also said African-Americans are twice as likely as whites to be unemployed. The unemployment rate for blacks was 12 percent in February, compared with 5.8 percent for whites…

Once again, implementing Obama-Care, granting amnesty and, extending federal unemployment benefits and, of course, raising the minimum wage, will fix all that.

Despite the dismal numbers, an analysis by The Associated Press-NORC Center for Public Affairs Research found African-Americans significantly more optimistic about their future standard of living than whites, regardless of income level, education or partisanship. Overall, 71 percent of blacks surveyed in the 2012 General Social Survey agreed that they have a good chance of improving their standard of living, outpacing the share among whites by 25 percentage points…

Well, if you don’t have a job, you might think that getting a job could improve your standard of living.

The survey found high optimism even among blacks who say racism is a cause for economic inequality…

Which, of course, is indisputable. Which is why you see so many Asians and Indians who can’t find work.

The National Urban League is pushing for several economic measures, including an increase in the minimum wage, an issue being debated in Congress. Democrats backed by President Barack Obama want to force election-year votes on gradually increasing today’s minimum to $10.10 by 2016, an effort that seems likely to fail in Congress. Republicans generally oppose the proposal, saying it would cost too many jobs…

The Republicans are so stupid. When has raising the minimum wage ever cost jobs? Except every time it’s been tried.

Still, maybe someday blacks and Hispanics will realize that ‘elections have consequences.’

This article was posted by Steve on Thursday, April 3rd, 2014. Comments are currently closed.

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