Umbrellas Don't Make it Rain: Why Studying and Working Hard isn't Enough for Black Americans
Author: Anne E. Price, Darrick Hamilton, Rebecca Tippett, Vishnu Sridharan, William A. Darity Jr.
Topic: Financial well-being
Publisher: The New School
Location: United States
Format: Report
Content Type: Research
Publication Date: April 1, 2015
This report aims to move beyond the empirically unsubstantiated “individual effort leads to economic success” paradigm, which focuses on purported racial differences with regards to effort in school and work. We illustrate that educational attainment, employment, and income cannot explain the enormous racial differences in wealth, which is the paramount indicator of economic success. Finally, we outline solutions to address the unjust distribution of wealth that is rooted in the source of the economic disparity in the first place.
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