Economic Wealth Discrimination: Structured Racism In America
Economic Wealth Discrimination: Structured Racism In America America's history of racism has risen to the point that laws were created to ensure all groups of people are treated fairly. Guidelines established to ensure equal representation between non-minorities and minorities in labor and housing markets, such as Affirmative Action, have been applied to major routes of financial success, including education, housing and labor markets. However, between African Americans and Euro-Americans, there are still large gaps in wealth power. Nearly half a century after the Supreme Court ordered racial desegregation, African Americans still bear six to eight times their share of poverty, homelessness, and unemployment. Desegregation should have been about redistribution, wealth, power and resources. Despite the fact that integration began over 50 years ago, Black Americans remain the primary targets of discrimination. Although slavery and Jim Crow semi-slavery ended generations ago, their legacies live on in various forms of structural racism. According to a Federal Bureau of Investigation annual report, African Americans are the victims of approximately 67 percent of hate crimes though they only make up 12.4 percent of the nations tot
"Wealth is the slowest-moving inequality we have", said Dalton Conley, A New York University sociologist who has studied wealth and race (qtd. Of the available options, increased business ownership is the best means for Blacks to gain wealth. However until national leaders, whom are approximately 99. Income refers to a steady flow of dollars through salaries, wages, or payments regularly received as return from an occupation (job), investment or government transfer. Blacks owned only 3% of all accumulated wealth in the United States in 1984, even though they received 7. Since African Americans primary problem is lack of wealth, then the primary solution would be for blacks to gain wealth. It seems that blacks invest a much higher proportion of their wealth, 64 percent in functional assets (homes, vehicles) than whites, for whom that figure is 37 percent. Shapiro, authors of Black Wealth/White Wealth, the top 20 percent of earners receive 43 percent of all income while the poorest one fifth of the population receives a scant 4 percent of the total income (41). Regardless of all the challenges that we continue to face, two-thirds of this nations African American families are better off economically than we were in 1963 when Americans of all races marched on Washington for jobs and freedom. However there are many objections: are present day whites to blame for the past? Who among blacks should receive reparations? Racial reparations could in fact ignite more racial antagonism then it extinguishes. Their value also rises more quickly and more steeply in white communities. Studies done by Oliver and Shapiro comparing the wealth of blacks and whites have found that blacks have anywhere from $8 to $19 of wealth for every $100 that whites possessed. How much more prosperous and successful in accumulating wealth are the better educated? High educational achievement typically leads to better paying jobs, which in turn results in greater wealth accumulation. This is persuasive index of bias, whether conscious or not.
Common topics in this essay:
African Americans,
Oliver Shapiro,
African American,
Americans Americans,
Wage Inequalities,
American Dream-home,
Black Americans,
Wealth/White Wealth,
York Chicago,
America America's,
african americans,
wealth accumulation,
african american,
oliver shapiro,
gain wealth,
share wealth,
wealth power,
income producing assets,
eight times,
six eight,
wage inequalities,
blacks gain wealth,
six eight times,
racial/ethnic wage inequalities,
african american wealth,
|
Acceptance Essays
