2016 Postmortem

amborin

(16,631 posts) Fri Feb 19, 2016, 12:30 PM Feb 2016

Why Won't Hillary Raise Minimum Wage to $15/hr? The Wealth Gap Has Greatly Widened Since 2010

...even as the economic recovery has begun to mend asset prices, not all households have benefited alike, and wealth inequality has widened along racial and ethnic lines.

The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve’s Survey of Consumer Finances.

Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010.

The current gap between blacks and whites has reached its highest point since 1989, when whites had 17 times the wealth of black households.

The current white-to-Hispanic wealth ratio has reached a level not seen since 2001.

http://www.pewresearch.org/fact-tank/2014/12/12/racial-wealth-gaps-great-recession/

Overall Poverty Rate of Blacks Has Worsened, Hispanic Overall Poverty Rate has only Barely Improved:

12 replies

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Why Won't Hillary Raise Minimum Wage to $15/hr? The Wealth Gap Has Greatly Widened Since 2010 (Original Post) amborin Feb 2016 OP

Were's the data to 2016 when Obama's policies started to really take hold? tia uponit7771 Feb 2016 #1

currently: amborin Feb 2016 #3

i asked about the data relaltive to this year similar to what you posted. Bush's economic uponit7771 Feb 2016 #4

that response doesn't work b/c the trend line is worsening, not improving even a bit amborin Feb 2016 #6

??! The trend line was messed up because of Bush, are you proffering that Obama's economic... uponit7771 Feb 2016 #7

the trend line is WORSENING under Obama amborin Feb 2016 #8

Starting in 2007-08 is... and after Bush screwed up the worlds economies. Why are you uponit7771 Feb 2016 #9

the data show that there is NO Obama effect, that Obama has been unable to even slightly amborin Feb 2016 #10

a trend that Bush started, Obama's not going to get the blame from objective people uponit7771 Feb 2016 #11

But we were told that "doesn't matter" Depaysement Feb 2016 #2

Black Women Seeing the Largest Decline in Earnings Since 2009: amborin Feb 2016 #5

Bernie will raise minimum wage to $15/hour, but Hillary WON'T amborin Feb 2016 #12

uponit7771

(90,364 posts)

1. Were's the data to 2016 when Obama's policies started to really take hold? tia

Reply to amborin (Original post)

Fri Feb 19, 2016, 12:35 PM

Feb 2016

amborin

(16,631 posts)

3. currently:

Reply to uponit7771 (Reply #1)

Fri Feb 19, 2016, 12:43 PM

Feb 2016

tio,

The childhood poverty rate for African-Americans remains stubbornly close to what it was the day Dr. King was assassinated; unemployment for black Americans runs nearly double that of the national average;

http://www.nytimes.com/2016/02/07/education/edlife/black-america-and-the-class-divide.html

uponit7771

(90,364 posts)

4. i asked about the data relaltive to this year similar to what you posted. Bush's economic

Reply to amborin (Reply #3)

Fri Feb 19, 2016, 12:46 PM

Feb 2016

.. fuck ups are going to take decades to fix..

amborin

(16,631 posts)

6. that response doesn't work b/c the trend line is worsening, not improving even a bit

Reply to uponit7771 (Reply #4)

Fri Feb 19, 2016, 12:48 PM

Feb 2016

uponit7771

(90,364 posts)

7. ??! The trend line was messed up because of Bush, are you proffering that Obama's economic...

Reply to amborin (Reply #6)

Fri Feb 19, 2016, 12:50 PM

Feb 2016

... plan messed it up for children?!

Also, where's the data relative to the last 3 - 4 years?

tia

amborin

(16,631 posts)

8. the trend line is WORSENING under Obama

Reply to uponit7771 (Reply #7)

Fri Feb 19, 2016, 12:56 PM

Feb 2016

it may take decades but it is NOT improving under Obama

nor would it improve under Hillary

uponit7771

(90,364 posts)

9. Starting in 2007-08 is... and after Bush screwed up the worlds economies. Why are you

Reply to amborin (Reply #8)

Fri Feb 19, 2016, 12:58 PM

Feb 2016

... proffering a position on Obamanomics that republicans take and leaves out the Bush effect?

amborin

(16,631 posts)

10. the data show that there is NO Obama effect, that Obama has been unable to even slightly

Reply to uponit7771 (Reply #9)

Fri Feb 19, 2016, 01:04 PM

Feb 2016

improve the downward trend

you can blame it all you want on Bush, but the data show that Obama has not made a dent in it

uponit7771

(90,364 posts)

11. a trend that Bush started, Obama's not going to get the blame from objective people

Reply to amborin (Reply #10)

Fri Feb 19, 2016, 01:05 PM

Feb 2016

... for something Bush started.

That's crazy

Depaysement

(1,835 posts)

2. But we were told that "doesn't matter"

Reply to amborin (Original post)

Fri Feb 19, 2016, 12:38 PM

Feb 2016

Decreasing wage inequality is "divisive."

amborin

(16,631 posts)

5. Black Women Seeing the Largest Decline in Earnings Since 2009:

Reply to amborin (Original post)

Fri Feb 19, 2016, 12:47 PM

Feb 2016

When it comes to female workers, African American women have seen the largest decline in earnings since 2009 (-3.6%), while earnings for white women (-0.2%) and Hispanic women (-0.8%) are down by less, according to data from the Census Bureau.

“This is a really troubling trend,” says Valerie Rawlston Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy.

“A lot of this has to do with how different workers responded to the recession. While other groups may have stayed out of work after a job loss, African American women had to maintain stronger attachment to the labor market because of their different levels of wealth and savings. There has been more job growth in lower paying occupations, and these are the jobs African American women have been forced to take.”

http://www.blackenterprise.com/money/consumer-affairs/black-women-at-the-bottom-of-income-gap/

amborin

(16,631 posts)

12. Bernie will raise minimum wage to $15/hour, but Hillary WON'T

Reply to amborin (Original post)

Sat Feb 20, 2016, 11:33 AM

Feb 2016

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