The wealth gap between white and other ethnicities is wider than ever before. Even though the recession has everyone, the average wealth for whites has actually gone up in the past few years. In 2013, it went up by 2.4%. At the same time, black household net worth went down by a third an Hispanic wealth dropped by 14%. Between 2010 and 2013, the drop in median income for minorities was 9% while for whites, it was merely 1%.
This was written by Tami Luhby on December 15 for CNN. This is all very unsettling. Though there are many factors that go into the tallying of these statistics, but because whites are generally gaining from these facts, I can't help but think of the period of time right after Lincoln's Emancipation Proclamation. When the slaves in the confederate states were free, many of them searched for jobs. Though they were payed, they're employers did not provide them with the full pay that they should have received. Discrimination towards minorities has always been a huge problem in our country and unfortunately, this proves that the situation is not completely fixed
Well there are a couple of key things. Look at where the jobs were lost manufacturing and construction these are working class/ middle class jobs. What jobs replaced those lower paying service jobs. This disproportionately affect lower class people that are more likely to be hispanic or african american.
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