Posted on 03/26/2015 7:56:02 AM PDT by Responsibility2nd
The United States is becoming much more racially and ethnically diverse. At the same time, it’s becoming more unequal in terms of wealth and income. These two trends are combining in an uncomfortable way: the wealth and income divide is happening along racial and ethnic lines.
The typical black household now has just 6% of the wealth of the typical white household; the typical Latino household had just 8%, according to The Racial Wealth Gap: Why Policy Matters, by Demos, a public policy organization promoting democracy and equality, and the Institute on Assets and Social Policy.
In absolute terms, the median white household had $111,146 in wealth holdings in 2011, compared to $7,113 for the median black household and $8,348 for the median Latino household. (All figures come from the U.S. Census Bureau Survey of Income and Program Participation.)
This is what is called the racial wealth gap.
(Excerpt) Read more at forbes.com ...
Also known as a hooptie.
perhaps 16 times the effort is the reason....
That’s because YT usually spends that money restoring the INSIDE: transmission, engine, drivetrain, &c.
Whatever remains, is used to make the car look decently presentable—a good shine, &c. Giving it that showroom look.
The simplest answer:
D'OH!
Maybe because the White Household values education, thinks being a taxpayer-supported indolent pet is demeaning and have skills that allow them to get and hold a paying job outside of government?
Where performance counts?
Just maybe.
Or the plumber who said "it's $95 just to walk through my door" (ended up being $350 for about an hour's work) -- work I certainly didn't know how to do!
LOL, yes.
If I had a son, I would encourage him to consider trade school. He would come out with a skill that would earn him serious money, he wouldn’t have the crushing college debt load, and he wouldn’t have to go to work at Starbucks.
I live in the “burbs”...but every once in a while you will see somethin on the road that is so odd that you can’t help but notice it.
Those cars are it. An old car painted and wheeled up, and under the hood they are still a piece of junk. After all the bling and life there’s not enough money or expertise to get the mechanicals working properly.
I heard the other day that jobs will be different. Kinda like how the industrial revolution changed jobs.
That be actin’ white.
“Apparently he did something right, because he applied for and was able to get a commission from the ranks.”
Your dad’s story IS exceptional. He put his life on the line when he joined the Navy and also worked hard to rise from the ranks. You had an exceptional father.
It's like telephone operators. Back in the early seventies there were many thousands. Virtually all of them lost their jobs due to the new phone technology. They weren't needed. A socialist government/society would have kept them on. A free market says those workers had to learn new skills.
I don't know what happened to those unfortunate telephone workers, but what happened to them has happened to millions of other workers since the IR. Their jobs became obsolete.
But new technology created new jobs, and workers had to adapt. That is what is needed now. And institutions of learning should be focused on helping train students for the new jobs. Many of which haven't been invented yet. The protean worker is what we are looking for. Somebody able to adapt to new technology.
You mean profit don’t you?
Yea.
I'm kinda partial to Chevy Novas.
Spot on. That’s the cause of the gap.
Rap music is a direct product of the Democrat’s Great Society. That entire genre wouldn’t exist, but for Democrat policies.
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