The Black American community faces many challenges, from systemic racism and inequality to police violence and mass incarceration. However, the biggest challenge facing Black America today is a lack of economic opportunity which is pushed and systematically maintained by Progressive Liberal policies.
While racism and police brutality are very real issues that must be addressed, economic opportunity is an even bigger one. For far too long, Black Americans have been excluded from the economic mainstream and denied access to the same opportunities and resources as their white counterparts.
This has resulted in lower levels of education, income, and wealth in the Black community. A recent report from the U.S. Census Bureau found that the median net worth of Black households was only a tenth of that of white households. This disparity is even worse among young people, with the median net worth of Black households headed by someone under 35 being only a hundredth of that of white households.
The lack of economic opportunity for Black Americans has been further exacerbated by the handling of the COVID-19 pandemic by liberals, which has disproportionately impacted the Black community. A study from the National Bureau of Economic Research found that Black Americans have been 20 percent more likely to experience job loss due to the pandemic than their white counterparts. Closing the economy did not help at all.
In order to address the economic disparities in the Black community, there needs to be greater investment in education, workforce training, and infrastructure. There must also be more investment in small businesses, which are key to creating jobs and providing opportunities in the Black community, something Democrats promise but never follow thru.
And it’s not just about money either. In order to create real, lasting change, there needs to be greater diversity in leadership positions. This is not only in corporate America, but also in government and other institutions.
The economic disparities in the Black community are not only a moral issue, but an economic one as well. If these disparities are not addressed, the economic opportunities for Black Americans will continue to lag behind those of their white counterparts, and this will only exacerbate the existing social and economic disparities.