Download or read book Black Employment Trends Since the Great Recession written by Thomas Masterson and published by . This book was released on 2018 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book African American Men and the Labor Market during the Great Recession written by Michelle Holder and published by Springer. This book was released on 2016-11-03 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the status and position of African American men in the U.S. labor market prior to, during, and after the Great Recession. Using a model of occupational crowding, the book outlines how the representation of African American men in major occupational categories almost universally declined during the recent recession even as white non-Hispanic men were able to maintain their occupational representation in the face of staggering job losses. Using US Census Bureau data, this book illustrates how African American men sought to insulate their group from devastating job losses by increasing their educational attainment in a job market where employers exercised more leverage in hiring. However, this strategy was unable to protect this group from disparate job losses as African American men became further marginalized in the workforce during the Great Recession. Policy approaches to address high African American male unemployment are outlined in the final chapter.

Download or read book The Great Recession written by David B. Grusky and published by Russell Sage Foundation. This book was released on 2011-10-01 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Officially over in 2009, the Great Recession is now generally acknowledged to be the most devastating global economic crisis since the Great Depression. As a result of the crisis, the United States lost more than 7.5 million jobs, and the unemployment rate doubled—peaking at more than 10 percent. The collapse of the housing market and subsequent equity market fluctuations delivered a one-two punch that destroyed trillions of dollars in personal wealth and made many Americans far less financially secure. Still reeling from these early shocks, the U.S. economy will undoubtedly take years to recover. Less clear, however, are the social effects of such economic hardship on a U.S. population accustomed to long periods of prosperity. How are Americans responding to these hard times? The Great Recession is the first authoritative assessment of how the aftershocks of the recession are affecting individuals and families, jobs, earnings and poverty, political and social attitudes, lifestyle and consumption practices, and charitable giving. Focused on individual-level effects rather than institutional causes, The Great Recession turns to leading experts to examine whether the economic aftermath caused by the recession is transforming how Americans live their lives, what they believe in, and the institutions they rely on. Contributors Michael Hout, Asaf Levanon, and Erin Cumberworth show how job loss during the recession—the worst since the 1980s—hit less-educated workers, men, immigrants, and factory and construction workers the hardest. Millions of lost industrial jobs are likely never to be recovered and where new jobs are appearing, they tend to be either high-skill positions or low-wage employment—offering few opportunities for the middle-class. Edward Wolff, Lindsay Owens, and Esra Burak examine the effects of the recession on housing and wealth for the very poor and the very rich. They find that while the richest Americans experienced the greatest absolute wealth loss, their resources enabled them to weather the crisis better than the young families, African Americans, and the middle class, who experienced the most disproportionate loss—including mortgage delinquencies, home foreclosures, and personal bankruptcies. Lane Kenworthy and Lindsay Owens ask whether this recession is producing enduring shifts in public opinion akin to those that followed the Great Depression. Surprisingly, they find no evidence of recession-induced attitude changes toward corporations, the government, perceptions of social justice, or policies aimed at aiding the poor. Similarly, Philip Morgan, Erin Cumberworth, and Christopher Wimer find no major recession effects on marriage, divorce, or cohabitation rates. They do find a decline in fertility rates, as well as increasing numbers of adult children returning home to the family nest—evidence that suggests deep pessimism about recovery. This protracted slump—marked by steep unemployment, profound destruction of wealth, and sluggish consumer activity—will likely continue for years to come, and more pronounced effects may surface down the road. The contributors note that, to date, this crisis has not yet generated broad shifts in lifestyle and attitudes. But by clarifying how the recession’s early impacts have—and have not—influenced our current economic and social landscape, The Great Recession establishes an important benchmark against which to measure future change.

Download or read book Black Families and Recession in the United States written by Dorothy Smith-Ruiz and published by Routledge. This book was released on 2021-03-30 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Black Families and the Recession in the United States goes beyond the massive loss of property among African Americans during the Great Recession of 2007–2009. It connects the housing experience to broader systems of inequality in America. Following the Great Recession of 2007–2009, the US elections of 2008, the impact of COVID-19, and widespread demonstrations resulting from the murder of George Floyd by police, the sociopolitical and economic status of Blacks in the United States is at a critical point in history, with demand for major transformation. The authors reveal a history of racist practices against Blacks in many systems, including education, policing, incarceration, wealth transmission, voting restrictions, and housing segregation. The social costs of the recession are manifested in the daily lives of African American families. In addition to financial losses, African Americans are more likely to be plagued with issues related to poverty, chronic illnesses, and lack of trust of social and economic institutions. Research, policy, and practical implications of this research include identifying social and economic supports unique to African Americans and determining strategies to strengthen families; paramount to addressing racial disparities. The interdisciplinary focus of this book appeals to a wide audience and areas of study.

Download or read book Inequality and the Labor Market written by Sharon Block and published by Brookings Institution Press. This book was released on 2021-04-06 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring a new agenda to improve outcomes for American workers As the United States continues to struggle with the impact of the devastating COVID-19 recession, policymakers have an opportunity to redress the competition problems in our labor markets. Making the right policy choices, however, requires a deep understanding of long-term, multidimensional problems. That will be solved only by looking to the failures and unrealized opportunities in anti-trust and labor law. For decades, competition in the U.S. labor market has declined, with the result that American workers have experienced slow wage growth and diminishing job quality. While sluggish productivity growth, rising globalization, and declining union representation are traditionally cited as factors for this historic imbalance in economic power, weak competition in the labor market is increasingly being recognized as a factor as well. This book by noted experts frames the legal and economic consequences of this imbalance and presents a series of urgently needed reforms of both labor and anti-trust laws to improve outcomes for American workers. These include higher wages, safer workplaces, increased ability to report labor violations, greater mobility, more opportunities for workers to build power, and overall better labor protections. Inequality in the Labor Market will interest anyone who cares about building a progressive economic agenda or who has a marked interest in labor policy. It also will appeal to anyone hoping to influence or anticipate the much-needed progressive agenda for the United States. The book's unusual scope provides prescriptions that, as Nobel Laureate Joseph Stiglitz notes in the introduction, map a path for rebalancing power, not just in our economy but in our democracy.

Download or read book Foreign Exchange Value of the Dollar written by and published by . This book was released on 1984 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Unequally Unemployed written by Jennifer Laird and published by . This book was released on 2016 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Recession of 2007-2009 was the most destabilizing recession since the Great Depression. After the mortgage securitization bubble burst in 2007, the Great Recession erased more than half of the stock market capitalization (Grusky et al., 2011). The financial collapse led to waves of job loss and unemployment. In March of 2007 the national unemployment rate was 4.4%. By October 2009, unemployment had increased almost six percentage points to 10.1%. The number of unemployed people in the United States more than doubled between 2008 and 2009. Unemployment rates reached record highs after the onset of the recession, particularly among black men (a group that already had a heightened risk of unemployment prior to the recession). By March of 2010, nearly one in five black male labor force participants over the age of 20 was unemployed. The black/white employment gap among women also increased, as well as the employment gap between the most educated and the least educated. White and foreign-born Hispanic men maintained relatively low unemployment rates, even during the recession. Social scientists have a clear understanding of the patterns and sources of income inequality. This dissertation investigates patterns and sources of employment inequality. I focus on a unique historical period: the Great Recession and its aftermath. Compared to other recessionary periods, the labor market repercussions from the Great Recession were especially severe and long-lasting (Grusky et al., 2011). I examine how these repercussions vary by race, ethnicity, and gender. Based on their socioeconomic characteristics, Mexican immigrant men should have very high unemployment. More than half do not have a high school diploma. One in four works in construction; at the height of the recent recession, 20% of construction workers were unemployed. Yet their unemployment rates are similar to those of native-born white men. Chapter 2 examines potential reasons for the Mexican immigrant employment paradox. I consider explanations based on theories about out-migrant and in-migrant selection, disparities in reservation wages, and employer preferences for immigrant labor. Chapter 3 examines the extent to which the public sector protected black workers from the employment shocks of the Great Recession. Historically, the public sector has served as an equalizing institution through the expansion of job opportunities for minority workers. Using Current Population Survey cross-sectional and longitudinal data, I investigate changes in public sector employment and unemployment between 2003 and 2013. My results point to a post-recession double disadvantage for black public sector workers: they are concentrated in a shrinking sector of the economy, and they are substantially more likely than white and Hispanic public sector workers to be unemployed. These two trends are a historical break for the public sector labor market. I find that race and ethnicity gaps in public sector employment cannot be explained by differences in education, occupation, or any of the other measurable factors that are typically associated with employment. Among unemployed public sector workers, black women are the least likely to transition into private sector employment. Compared to the private sector, however, the post-recession public sector has had consistently lower levels of racial and ethnic employment stratification. Chapter 4 investigates whether and how labor market context affects racial and ethnic employment disparities. I find that black men are more likely to be employed when they reside in areas with 1) a large concentration of public sector jobs, or 2) relatively lax employment, labor, and hiring regulations. I conclude that while black men are more likely to be working when employers have fewer impediments to hiring and firing, black men also benefit from access to highly regulated public sector employment opportunities.

Download or read book Employment and Income in the Black Community Trends and Outcome written by Andrew F. Brimmer and published by . This book was released on 1973 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How the Financial Crisis and Great Recession Affected Higher Education written by Jeffrey R. Brown and published by University of Chicago Press. This book was released on 2015-01-08 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.

Download or read book The Great Recession s Impact on African American Public Sector Employment written by William M. Rodgers and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Budget and Economic Outlook written by and published by . This book was released on 2008 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Educational Attainment of Workers written by and published by . This book was released on 1982 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Recession and Recovery written by Wendy Wintermute and published by . This book was released on 1984 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Century of Wealth in America written by Edward N. Wolff and published by Harvard University Press. This book was released on 2017-10-16 with total page 885 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding wealth—who has it, how they acquired it, how they preserve it—is crucial to addressing challenges facing the United States. Edward Wolff’s account of patterns in the accumulation and distribution of U.S. wealth since 1900 provides a sober bedrock of facts and analysis. It will become an indispensable resource for future public debate.

Download or read book Know Your Price written by Andre M. Perry and published by Brookings Institution Press. This book was released on 2020-05-19 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: The deliberate devaluation of Blacks and their communities has had very real, far-reaching, and negative economic and social effects. An enduring white supremacist myth claims brutal conditions in Black communities are mainly the result of Black people's collective choices and moral failings. “That's just how they are” or “there's really no excuse”: we've all heard those not so subtle digs. But there is nothing wrong with Black people that ending racism can't solve. We haven't known how much the country will gain by properly valuing homes and businesses, family structures, voters, and school districts in Black neighborhoods. And we need to know. Noted educator, journalist, and scholar Andre Perry takes readers on a tour of six Black-majority cities whose assets and strengths are undervalued. Perry begins in his hometown of Wilkinsburg, a small city east of Pittsburgh that, unlike its much larger neighbor, is struggling and failing to attract new jobs and industry. Bringing his own personal story of growing up in Black-majority Wilkinsburg, Perry also spotlights five others where he has deep connections: Detroit, Birmingham, New Orleans, Atlanta, and Washington, D.C. He provides an intimate look at the assets that should be of greater value to residents—and that can be if they demand it. Perry provides a new means of determining the value of Black communities. Rejecting policies shaped by flawed perspectives of the past and present, it gives fresh insights on the historical effects of racism and provides a new value paradigm to limit them in the future. Know Your Price demonstrates the worth of Black people's intrinsic personal strengths, real property, and traditional institutions. These assets are a means of empowerment and, as Perry argues in this provocative and very personal book, are what we need to know and understand to build Black prosperity.

Download or read book Confronting Policy Challenges of the Great Recession written by Eskander Alvi and published by W.E. Upjohn Institute. This book was released on 2017-11-20 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a notable group of macroeconomists who describe the unprecedented events and often extraordinary policies put in place to limit the economic damage suffered during the Great Recession and then to put the economy back on track. Contributers include Barry Eichengreen; Gary Burtless; Donald Kohn; Laurence Ball, J. Bradford DeLong, and Lawrence H. Summers; and Kathryn M.E. Dominguez.

Download or read book To Ask for an Equal Chance written by Cheryl Lynn Greenberg and published by Rowman & Littlefield Publishers. This book was released on 2009-08-16 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Depression hit Americans hard, but none harder than African Americans and the working poor. To Ask for an Equal Chance explores black experiences during this period and the intertwined challenges posed by race and class. "Last hired, first fired," black workers lost their jobs at twice the rate of whites, and faced greater obstacles in their search for economic security. Black workers, who were generally urban newcomers, impoverished and lacking industrial skills, were already at a disadvantage. These difficulties were intensified by an overt, and in the South legally entrenched, system of racial segregation and discrimination. New federal programs offered hope as they redefined government's responsibility for its citizens, but local implementation often proved racially discriminatory. As Cheryl Lynn Greenberg makes clear, African Americans were not passive victims of economic catastrophe or white racism; they responded to such challenges in a variety of political, social, and communal ways. The book explores both the external realities facing African Americans and individual and communal responses to them. While experiences varied depending on many factors including class, location, gender and community size, there are also unifying and overarching realities that applied universally. To Ask for an Equal Chance straddles the particular, with examinations of specific communities and experiences, and the general, with explorations of the broader effects of racism, discrimination, family, class, and political organizing.