By Melvin Oliver, Thomas M. Shapiro
The award-winning Black Wealth / White Wealth offers a robust portrait of racial inequality in keeping with an research of personal wealth. Melvin Oliver and Thomas Shapiro's groundbreaking study analyzes wealth - overall resources and bills instead of source of revenue by myself - to discover deep and protracted racial inequality in the US, they usually exhibit how public rules have didn't redress the problem.
First released in 1995, Black Wealth / White Wealth is taken into account a vintage exploration of race and inequality. It supplied, for the 1st time, systematic empirical proof that defined the racial inequality hole among blacks and whites. The 10th Anniversary variation comprises fullyyt new and substantial chapters. those chapters examine the continued problems with wealth and inequality in the US and the hot guidelines which were introduced some time past ten years. a few were revolutionary whereas others basically recreate inequality - for instance the thought to dispose of the property tax.
Compelling and in addition informative, Black Wealth / White Wealth isn't just pioneering learn. it's also a robust counterpoint to arguments opposed to affirmative motion and an immediate problem to present social welfare guidelines which are tilted in the direction of the wealthy.
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Additional resources for Black Wealth / White Wealth: A New Perspective on Racial Inequality, 2nd Edition
Median income figures show blacks earning only about 55 percent of the amount made by whites. The greatest economic gains for blacks occurred in the 1940s and 1960s. Since the early 1970s, the economic status of blacks compared to that of whites has, on average, stagnated or deteriorated. Black unemployment rates are more than twice those of whites. Black youths also have more than twice the jobless rate as white youths. indb 24 3/23/06 4:54:19 PM Race, Wealth, and Equality / 25 whites. Residential segregation remains a persistent problem today, with blacks being more likely than whites with similar incomes to live in overcrowded and substandard housing.
Alongside the evidence of advancement in some areas and the concerted political mobilization for civil rights, the past two decades also saw an economic degeneration for millions of blacks, and this constitutes the crux of a troubling dilemma. 24 Most evident is the continuing large economic gap between blacks and whites. Median income figures show blacks earning only about 55 percent of the amount made by whites. The greatest economic gains for blacks occurred in the 1940s and 1960s. Since the early 1970s, the economic status of blacks compared to that of whites has, on average, stagnated or deteriorated.
S. 9 This story begins with the government’s initial entry into home financing. indb 16 3/23/06 4:54:18 PM Race, Wealth, and Equality / 17 that authorized the Home Owners Loan Corporation (HOLC). ”10 Of more importance to this story, however, it also introduced standardized appraisals of the fitness of particular properties and communities for both individual and group loans. ” Charged with the task of determining the “useful or productive life of housing” they considered to finance, government agents methodically included in their procedures the evaluation of the racial composition or potential racial composition of the community.