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Edited by Obamasauce:
1/15/2013 6:32:08 PM
3
Race and Income Inequality
We all know blacks and other minorities make less money than white people.
Why is that? What would you do to fix it?
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The non-wealthy will never catch the wealthy. Partially that is driven by the income gap and until blacks have money to save and build wealth they can never hope of coming anywhere close the current wealthy. Even in a fairly poor year in the stock/bond market I can get an 8-10% return on my money, even if I wasn't knowledgeable. Now go and find a job that will give you 8-10% raises each year on average ad infinitum. Won't happen.
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1 ReplySince I'm a rich white man, I'll use my zeppelin to fly over low-income areas and dump money onto the masses below.
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[quote]We all know blacks and [u]other minorities[/u] make less money than white people.[/quote] Asians make more money while they are a minority. [url=http://www.census.gov/compendia/statab/2012/tables/12s0697.pdf]Source [/url] I'm not sure why, but I guess that that stereotypes and social conditions have something to do with it.
