Tag: discrimination
The COVID-19 recession demonstrates an axiom of economics. Black unemployment always exceeds the rate for whites, the spikes are higher in recessions, and, in a recovery, employment recovers more slowly. A record number of Black Americans were employed in 2019. But when the economy seized up in the spring, their unemployment rate soared to 17…
The Black Lives Matter protesters have brought renewed attention to the enduring economic inequality that separates Black and white America. Homeownership is at the heart of this disparity. For many Americans, their largest source of wealth is the value they have built up in their homes over time. The house is also traditionally the primary…
