Everything in Black Economics
Admin Black workers are squeezed at the bottom and limited at the top Summary When I grew up, I heard of the “Sacred Seven”: seven occupations where Black people could do well during Jim Crow segregation. The seven are: Doctor, Dentist, Lawyer, Preacher, Teacher, Mortician and Businessman. They are occupations based on the needs of … Read more
The holiday season is here. It’s time for gifts, holiday meals, and celebrations, parties, and community. The holidays are a great time to celebrate and give thanks for all we have. In this fun and joyous time of the year, we want to look at a part of the economy that affects us all. We … Read more
Top Stories Wanted: 20,000 Young Americans to Fight Climate Change (NY Times) — The White House plans to create an “American Climate Corps” that would train thousands of young people for green jobs. Diddy Accused By Diageo Of Working Against Other Black-Owned Businesses (Hot New Hip Hop) The number and share of SBA-backed 7(a) and … Read more
Labor Day Related Stories or Economic Outlook Labor Day Edition I wish I had a lot of good news on Labor Day, but I don’t. The good news There are a couple of Labor bright spots. On July 31st, the New York State Nurses Association and the NYC Health and Hospitals Corporation reached a settlement. … Read more
A couple of Labor Day articles focusing on history. When Labor Day Meant Something (Atlantic) Have we forgotten the true meaning of Labor Day? (The Conversation) A Labor Day Reflection on Unions, Race, and Division (New Yorker) It’s not just famous actors and big-name writers the Hollywood strikes are hurting (Vox) Labor Day Is a … Read more
We can’t believe there is no classic Great Migration movie. We love the Grapes of Wrath, but there should be a Black Great Migration movie. So we are asking our readers to create their own movie script. Here is ours. Update: It’s too big for a movie. So, now it’s a six-part mini-series. Here is … Read more
Great Migration – Key Books, Articles, Websites, and Resources To save you time, here are the two best sources on the US Black Great Migration: a general article and a website from the Civil Rights and Labor History Consortium. Read these first instead of this article. Then come back for the details and discussion. … Read more
We are asked, from time to time, to give investment advice. We want to share a couple of principles we have learned over time. Investing and personal finance are huge topics in the Black Community. It is important that we understand the basic principles. But first we have to cover the pre-investing basics. Are you … Read more
Earn Your Leisure is hosting an Investment Festival (Investfest) – The number one black personal finance podcast on Youtube.com is hosting an investment conference in Atlanta on August 25 to 27th. The conference features Robert F. Smith (the richest Black billionaire in the US), Sean Combs, and Steve Harvey. The line-up is amazing, a who’s … Read more
The Unemployment rate for Blacks was unchanged at 5.8% while the Labor Force Participation rate remained near recent highs (62.7%) The Black unemployment rate was reported at 5.8% and the “Real” Black employment was 9.0% (see below). The National unemployment rate stood at 3.5%, and non-Farm Payrolls rose by 187,000. Wages had large increases. Hourly … Read more