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Walter Edward Williams (born March 31, 1936) is an American economist, commentator, and academic. He is the John M. Olin Distinguished Professor of Economics at George Mason University, as well as a syndicated columnist and author known for his classical liberal and libertarian conservative views. His writings frequently appear on Townhall.com, WND, Jewish World Review, and hundreds of newspapers throughout the United States.
From 1900 to 1954, blacks were more active than whites in the labor market. Until about 1960, black male labor force participation in every age group was equal to or greater than that of whites. During that period, black teen unemployment was roughly equal to or less than white teen unemployment. As early as 1900, the duration of black unemployment was 15 percent shorter than that of whites; today it's about 30 percent longer. To do something about today's employment picture requires abandonment of sacred cows and honesty.
I was a teenager during the late 1940s, living in North Philadelphia's Richard Allen housing project. Youngsters in my neighborhood who sought after-school, weekend or summer jobs found them. I picked blueberries in New Jersey, caddied at Cobbs Creek Golf Club, shoveled snow for the Philadelphia Transportation Co., delivered packages for a milliner, performed janitorial work at Horn & Hardart restaurant, and huckstered fruits and vegetables.
Such opportunities for early work experiences are all but gone for today's teens living in Richard Allen homes. A major reason is the minimum wage law, which makes hiring low-skilled workers a losing economic proposition. In 1950, only 50 percent of jobs were covered by the minimum wage law. That meant the minimum wage didn't have today's unemployment effect. Today nearly 100 percent are covered.
Then there's education. Black youths are becoming virtually useless for the increasingly high-tech world of the 21st century. According to a 2001 report by Abigail Thernstrom, "The Racial Gap in Academic Achievement," many black 12th-graders dealt with scientific problems at the level of whites in the sixth grade; they wrote about as well as whites in the eighth grade. The average black high-school senior had math skills on a par with a typical white student in the middle of seventh grade. The average 17-year-old black student could only read as well as the typical white child who had not yet reached age 13. That means an employer hiring the typical black high-school graduate is in effect hiring an eighth-grader.
originally posted by: toysforadults
Not a big Stefan fan but I keep him on my podcast app incase I see a good guest or because he updates very quickly during an event, he's usually the first. Here is the episode I am posting about with Walter E. Williams on race economics. Having been raised a lower class community and having had lived in both rich and poor areas and having had been well off and poor during my own life I understand a lot where both sides of the economy are coming from.
originally posted by: ErrorErrorError
Can you guys soon decide whther we are liberals or marxists ? We can't be both.
I know your education system is rotten but you can find all the info on various ideologies and economic systems on the internet.
Don't be an American idiot
I don't know if this is an issue of racism but apparently schools in inner city communities are severely lacking in their ability to properly educated their youth. I don't know if this is an across the board issue for poor people or if it's specific to the black community however I do know I have personally met people with an education who couldn't read and write. Very unsettling. We have serious culture issue in our country across the board not just in this specific community. I don't know how to solve these issues but they exist.
So, during the time period of the KKK and Jim Crow the black community actually had a higher quality of life. According to Walter... which is very odd