Everything in Black Economics
Everywhere we see a discussion of affordability. Homes are at record prices. Rents continue to rise. Grocery prices are high. And gas peaked at $4.50 a gallon. Before we can talk about the affordability crisis, we have to look at worker incomes. There would be no affordability issues if wages and worker incomes had kept … Read more
Here is a good long, comprehensive article on four unemployed Black Women in Arkansas. Also, you must read comments and reaction to fully understand the publics current economic thinking. The article is a great read on the current state of the job market. Four Black women. Nine degrees. Not one steady paycheck. (Washington Post) The … Read more
So, my family is pretty wide-ranging. When we all got together for a BBQ, the talk turned to AI. Everyone was concerned about AI effect on their jobs and society in general. The discussion of AI was quite interesting. Here at Blackeconomics.com, we read about AI and use three of the free models: Claude, ChatGPT, … Read more
Black Unemployment moved up to 7.7%, a 20% Increase Since February of Last Year BLS Unemployment Report The Bureau of Labor Statistics(BLS) jobs report was bad. Really bad. Meanwhile, the BLS said the job market only “edged down.” That is some spin. The BLS reported that businesses had a net loss of -92,000 jobs. It … Read more
Black unemployment jumps to 7.5%, a 23% increase since last August. New Black workers increased by 260,000. Unemployment Report The BLS jobs report showed almost no new job growth (+22,000 new jobs) in August. Over the past three months, the economy added an average of 29,000 jobs. The numbers hint at a slowing US economy. … Read more
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
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