Economic Divide in US Politics

Economic Division Remains

⇒ Gap between what whites and blacks earn has frozen since the 1980s

⇒ Blacks median household income is only about 64% of whites

⇒ For every dollar a white man makes, a black man makes 70 cents

⇒ Only 5% of firms are black-owned

⇒ Average white households in the bottom 5th of income-earners has net assets of $24,000 compared to blacks which was $57

⇒ Black babies born out of wedlock has risen to 69% since 1970

Economic Division Does Not Remain

⇒ With a professional degree a black woman earns about 30% more than a white woman

⇒ Affirmative action policies mean that the government provides jobs for a disproportionate number of blacks

⇒ Affirmative Action allows blacks who own small businesses to charge 10% more and still win federal contracts

⇒ A black worth $750,000 can still be deemed 'economically disadvantaged'

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