NEW EPI STUDY SHOWS NO BLACK PROGRESS IN 50 YEARS
Late last year, “The Washington Post” wrote that African Americans were the only group that showed no economic improvement since 2000. They based their conclusions on Census data. This year, there was even more sobering news in a report by the Economic Policy Institute (EPI). The new study issued found “no progress” for African Americans on homeownership, unemployment and incarceration in 50 years.
Much of what was included in the EPI study was stunning data on African American economic progress. Fifty years after the famous and controversial Kerner Commission Report that identified “white racism” as the driver of “pervasive discrimination in employment and education” for African Americans, EPI concluded that not much has changed.
The EPI study stated the obvious and pointed to glaring statistics.
Regarding the justice system, the share of incarcerated African Americans has close to tripled between 1968 and 2016, as Blacks are 6.4 times more likely than Whites to be jailed or imprisoned. Homeownership rates have remained unchanged for African Americans, over the last 50 years. Black homeownership is about 40 percent, which is 30 percent behind the rate for Whites.
Regarding income, perhaps the most important economic metric, the average income for an African American household was $39,490 in 2017, a decrease from $41,363 in 2000.
A press release about the report said that, “Black workers still make only 82.5 cents on every dollar earned by white workers, African Americans are 2.5 times more likely to be in poverty than Whites, and the median White family has almost ten times as much wealth as the median Black family.”
In 2017, the Black unemployment rate was 7.5 percent, up from 6.7 percent in 1968, and still roughly twice the White unemployment rate. In 2015, the Black homeownership rate was just over 40 percent, virtually unchanged since 1968 and trailing a full 30 points behind the White homeownership rate, which saw modest gains over the same period.
President Trump has bragged about the Black unemployment rate has reached record lows and homeownership has reached record highs under his presidency. What Trump leaves out is the overall statistical data over many years.
Much of what the data shows is connected to systemic policy problems that have been persistent for decades.
In the press release about the EPI report, EPI economic analyst Janelle Jones said that it’s clear that structural racism is the root cause of the economic inequality between Blacks and Whites.
“Solutions must be bold and to scale, which means we need structural change that eliminates the barriers that have stymied economic progress for generations of African American workers,” said Jones.