The Economic Divide

Jan 16 2012 @ 6:37pm

On MLK Day, Joel Kotkin calls for a "hard focus on economic growth and opportunity" for minorities: 

While African-Americans make up 12% of the nation’s population, they account for 21% of the nation’s unemployed. Unemployment for black men stands at a staggeringly high 19.1%, and the Economic Policy Institute estimates that overall black unemployment will remain well above 10% till at least 2014. The black middle class is also under siege. The gap in net worth of minority households compared with whites is greater today than in 2005. White households may have lost 16% of their net worth in recent years, but African-Americans have lost 53%, and Latinos 66%.