WEALTH IS HEALTH. White House officials found themselves on the receiving end of much criticism Tuesday when press secretary Sarah Huckabee Sanders pointed to low black unemployment numbers while defending Trump against accusations of racism recently made by former White House step-and-fetchit coordinator Omarosa Manigault Newman.
One thing that the White House, Fox News and other Trump believers appear to be missing is that in crediting Trump for low black unemployment numbers, they regularly fail to acknowledge that the decline in black unemployment actually began during the Obama administration. And the president and his staff also have yet to share what he has done specifically to continue that decline and to address the nuances of these numbers. [MORE]
5 Decades Past the Era of Legal Segregation Black Unemployment Remains Double the Rate for Whites. By demographic group, the unemployment rate for blacks dropped to 6.6 percent, a new low. Nevertheless, the unemployment level for black Americans would qualify as a near crisis for whites. And the relative gains have not erased disparities in opportunity and pay. [MORE]
McJob = Slavery by Another Name. According to Dr. Blynd, a McJob is a "low pay," low prestige, low benefit, no benefit, no future job in the feudal looks-like-it-could-be food chain service (servitude) sector of the New God Economy. (See: Ploiter & Eyeservant). [MORE].
Wage growth actually appears to be decelerating, in spite of the low unemployment rate.
In reality, workers in America are struggling. Many are out of work, and for many more paid workers, wages have remained stagnant as income inequality has widened. There has also been an erosion in the quality of work, especially with regard to autonomy, voice, status, and security. [MORE]
Despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers. The disconnect between the job market and workers’ paychecks has fueled much of the recent activism in states and cities around raising minimum wages, and it also has become a factor in at least some of this year’s congressional campaigns. [MORE]
Blacks Function as Servant/Consumers in White over Black System. In 2015, the black homeownership rate was virtually unchanged since 1968. The homeownership rate among white Americans is about 64 percent.
Put another way, black homeownership is as low as it was when housing discrimination was legal. [MORE]
The Racial Wealth Divide is Accelerating. African American and Latino Families Won’t Match White Wealth for Centuries, we showed that it if current trends continue, it will take 228 years for the average Black family to reach the level of wealth White families own today. For the average Latino family, matching the wealth of White families will take 84 years. Without a serious change in course, the country is heading towards a racial and economic apartheid state. By 2020 Whites will own 86x more wealth than Blacks [MORE] and [MORE]
The overall distribution of wealth is troubling. So is the racial wealth distribution. The median white family has a net worth of $134k. The median hispanic family has a net worth of $14k. The median black family has a net worth of $11k.
Whites hold an extremely disproportionate amount of the national wealth. Whites are also the largest racial group. Consequently, whites own almost all of the wealth in the nation.
White families hold 90% of the national wealth. Hispanic families hold 2.3% of the national wealth. Black families hold 2.6% of the national wealth. The remaining 5.1% of the national wealth is held by others (natives, Asians, Pacific Islanders, multi-racials, etc.). With few exceptions, whites own America. [MORE] and [MORE]
The income gap between black and white working-class Americans, like the gap between black and white Americans at every income level, remains every bit as extreme as it was five decades ago. (This is also true of the income gap between Hispanic and white Americans.)
In 2015 — the most recent year for which data are available — black households at the 20th and 40th percentiles of household income earned an average of 55 percent as much as white households at those same percentiles. This is exactly the same figure as in 1967.
Indeed, five decades of household income data reveal a yawning and uncannily consistent income gap between black and white Americans across the economic spectrum. Fifty years ago, black upper-class Americans had incomes about two-thirds those of white upper-class Americans, while the black middle class — those in the 60th percentile — earned about two-thirds as much as its white counterpart. Those ratios remain the same today.
The median white household has about 13 times the wealth of the median black household — and much of that wealth is transferred between generations. This remarkable gap helps perpetuate the consequences of centuries of social and economic injustice. [MORE]
The racial wealth gap is large and shows no signs of closing. Recent data from the Survey of Income and Program Participation shows that black households hold less than seven cents on the dollar compared to white households. [MORE]
The statistics are stark: black households constitute nearly 13 percent of the country’s population but hold less than three percent of the nation’s total wealth. According to the Federal Reserve Board’s 2016 Survey of Consumer Finances, black households hold less than seven cents on the dollar compared with white households. As the Duke researchers find, white households living near the poverty line generally hold about $18,000 in wealth, while black households living under similar conditions hold a median wealth near zero.
The data reveals that even when blacks and whites are on equal footing when it comes to educational attainment, salary history or home ownership, black families still lag significantly behind. In comparing families with the same level of higher education (bachelor’s degree or postgraduate degree), for example, white families remain more than three times as wealthy as black.
Even starker is data that shows that black households with a head with a college degree are more “wealth-poor” than white households with heads who never got a high-school diploma — a dilemma related not to investment in education, according to Federal Reserve researchers, but “resource availability” and different household composition between white and black households.
The major sources of wealth for most of the country’s super-rich are inheritances and in-life transfers, according to William “Sandy” Darity Jr, one of the Duke researchers and a Duke University Professor of Public Policy, African and African-American Studies. Darity contends that the relentless disadvantages of post-slavery life for African Americans — violence, Jim Crow laws, “redlining” and discrimination — have kept generations of African Americans from accruing the type of wealth that whites in the top one percent have today. [MORE]
As defined in FUNKTIONARY:
wage $lave - on the hour, by the hour. "Sell your time to buy the time that other people sold." Way down deep in the marrow of my bone, this much I have known - I am unable to to obey (or conform to) someone who views my time as their own.
Slavery - psychologically or physically subjugated to another where one"s thoughts or one's labor is not his or her own. 2) mental and/or physical captivity—living someone else's reality consciously or unconsciously, willingly or unwillingly. 3) a system wherein someone is forced to work without pay, being economically exploited, and unable to walk away. 4) that which separates thought from action. Slavery is an economic system, not a social system. Slavery wasn't ended—-but extended, i.e., slavery is not dead—but in the head—of all men it lingers. Forced labor, also known as involuntary servitude, may result when unscrupulous employers exploit workers made more vulnerable by high rates of unemployment, poverty, racism, crime. discrimination, corruption, political conflict, or cultural acceptance of the practice. Immigrants are particularly vulnerable, but individuals also may be forced into labor in their own countries. Female victims of forced or bonded labor, especially women and girls in domestic servitude, are often sexually exploited as well. Slavery is never dropped gradually, either you have overstood and you are free, or you have not overstood and are just pretending to overstand.
For instance, taxation is a form of slavery when your labor is taxed. We're living an Agenda not our own—merely an obfuscated and sophisticated form or" slavery. Slavery is a segmented labor market—it is cut off from the other types of labor that exist within a nation or region.
Nowhere in the Bible (the Godspell) is slavery condemned by God. Instead, the mythic Sky God of the Bible accepts slavery as moral and normal. Slavery is not despised but legitimized in the Old and New Testaments. Exodus 21:20 and 21:7-10; Proverbs 20:19: Deuteronomy 20:13-14. I Peter 2:18: and Ephesians 6:5 ("Slaves, obey your human masters with fear and trembling.") Christianity included the exhortation of slaves to remain enslaved, such as reflected in the gospel fable at 1 Timothy 6:1, where "freedom-loving" Paul states. "Let all who are under the yoke of slavery regard their masters as worthy of all honor, so that the name of God and the teaching may not be defamed." See also Colossians 3:22 and Titus 2:9 in the New Testament. The goal of chattel slavery was to psychologically make the enslaved a willing accomplice in his own extermination. (See: "The Laws." Sky God. Servitude. Income Taxes. Palhocracy. Direct Taxes. Patriarchy. Gangbanking. Slave Lifestyle, Bureaucratic Structures, Holy Bible. Corporate Religion. Old Testament. Doggy. Willie Lynch Letter, Infallibility, Phfreedom & "The Greater System,"' Human Resources, "Monetized Debt" GEO-Dollars. Law of Moses & Power)