Make money off white people

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. It will end up costing the U. That will be roughly 4 percent of the United States GDP in —just the conservative view, assuming qhite the wealth growth rates of African Americans will outpace white mojey growth at its current clip of 3 percent to. If whlte gap widens, however, with white wealth growing at a faster rate maek black wealth instead, it could end up costing the U. Sign up for the CityLab Daily newsletter. Crucial to understanding how to close that gap—such that it can actually be closed—is grappling with how it was created in the first place. But it was community context and creative credit machinations that helped white families maintain that status over the ensuing two centuries, putting into doubt whether a closure of the black-white racial wealth gap is even possible given these deeply entrenched advantages. A study on the transfer of wealth from Southern slaveholding families to their children helps explain how these advantages came. According to the study, the largest slaveholding families in the South took a huge hit after the Civil War—a 38 percent drop at the median and a 75 percent loss among the top wealthiest families betweena peak year for slavery profits, and But bymany of the sons of those families had already recovered that wealth. Bythe sons of the richest slaveholders had not only financially recovered but were wealthier than the sons of families who were just as wealthy before the Civil War, but from mostly non-slaveholding assets and activities. It took just one generation for white slaveholding families to regain their riches, and this rebound was not due to an inheritance of slavery profits. Much of that was devoured by the war, emancipation, and wbite crop productivity whlte the South after the war. Nor was the recovery owed to an inheritance of entrepreneurial skills, which the study ruled out because of the drastic transition of the economy from agricultural-based to industrial-based. Also wiped poeple were, in some cases, the land and plantations themselves, which were the final major appreciable assets that some former slaveholding maake possessed after the war.

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If you’re looking to generate extra income, you may have more options than you think — even if you’re already working full-time. In David Pogue’s upcoming book, » Pogue’s Basics: Money ,» the Yahoo tech columnist provides tips and shortcuts to make money with little effort, on your own terms. Here are six ways to line your pockets in your free time, including Pogue’s estimates of how much you could make doing each. Particularly if you live in a tourist area or popular city, Airbnb can be a great source of supplemental income. In fact, Airbnb hosts in the most popular U. Of course, it is important to keep in mind that in some cities hosting guests through Airbnb is illegal , and in some apartments, it may break a contract. People will pay generously for someone to take care of their cats or dogs while they’re out of town. Pogue suggests using DogVacay. DogVacay lists you on its searchable site and provides insurance in case anything goes wrong. Etsy is an online marketplace for jewelry, art, books, clothing, and more. Anyone can list their creations and sell them directly to millions of consumers all over the world. Driving for Uber or Lyft is a great, flexible side hustle, Pogue says: «As a part-time, whenever-you-feel-like-it sideline — for college students, parents at home during school hours, retirees, anyone who needs a little extra cash — the freedom of these jobs is unmatched. You’d be surprised at what chores people would pay for you to do: Assemble IKEA furniture, pick up a package, pack your boxes, or proof-read documents. All of them have been tried out beforehand on ordinary consumers.

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After all, he figured, white privilege paved the way for his many advantages: a college education, limited debt, and that well-paying job. Or, if someone he knows runs into financial trouble, he’ll simply give them the cash. Get the news you need to start your day. To Bria Davis, 23, of Olney, such gestures come as both stopgap and salve. A member who worked for a protein supplement company shipped two ounce jars directly to her home. Davis has also posted offerings of her own: used textbooks so far, no takers , and a Groupon for a fitness class. Lawrie Balfour, a University of Virginia political theorist working on a manuscript about reparations for slavery and Jim Crow, said reparations can take many forms, from reexamining Confederate statues to putting in place strong affordable-housing policies. In the past, white Americans have largely opposed the idea of reparations, but a poll suggested attitudes are changing: Older Americans were still largely opposed, but about half of millennials supported the idea or were not sure how they felt. Still, when Natasha Martin, a Seattle-based artist, created a reparations Facebook group in June as a sort of social experiment , she didn’t have to spread the word. Trolls did that for her. Or, as Martin put it: «The project went viral because America is an anti-black racist nation and the word reparations is like a trigger word for white supremacist, gun-toting, hate-filled people. Since then, though, the group has evolved into a no-trolls-allowed community where members make all sorts of offerings and requests. We get overwhelmed: Income inequality in general is too large a problem. But you can help another person with something like a gift card you’re not going to use; it feels actionable. What they need is to make rent this month.

Why I’m no longer talking to white people about race

In the United States, despite the efforts of equality proponents, income inequality persists among races [1] and ethnicities. When the Civil Rights Act of was passed, it became illegal for employers to discriminate based on race; [4] however, income disparities have not flattened out. Asian workers’ median wage was about percent that of white workers. Wages from the labor market are the primary source of income for most families in America, [6] and income is a socio-demographic status indicator that is important in understanding the building of wealth. The documented history of the racial wage gap in the United States goes back before the Civil Rights Act, where many modern causes of racial wage inequity, such as educational disparities and discrimination, stem from were even more prevalent. Simultaneously, the same schools saw a discrepancy in school time, with white schools in sessions for days on average, compared to days on average for black schools. While statistical measures of wage discrepancy between black individuals and their white counterparts exist, wage inequity is still poorly understood due to a lack of literature with solid empirical data to link data with an accurate model of wage discrimination. Following urban-dominated studies and shifting research based on evolved conceptual and study-driven thinking, sociologists determined that the racial composition of a local population affects racial wage inequality. Studies performed by Leslie Mcall [10] indicate immigration population density is one of the leading factors in racial wage inequality. While black immigrant earnings do not deviate from the already substandard average earnings, numbers on Hispanic and Asian immigrant earnings suggest more extensive negative effects, especially in areas of high immigration density. Hispanic and Asian women, in particular, are shown to be most affected; Hispanic and Asian women are shown to fill less skilled, domestic service jobs where the concentration of their black and white counterparts are lower. Barriers such as language show that such large dominance of immigrant population in such sectors only breed competition between lower-earning groups, further lowering average wages for such families. Historically, there have been racial discrepancies not only in earnings from labor, but also in the benefits received voluntarily from employers. Benefits include health care, pensions, holiday and vacation days, among other government mandated and voluntary benefits. Studies done by Tali Kristal and Yinon Cohen show a link between such wage inequality and benefits received, with empirical evidence showing a steady degradation of benefits received for those of different ethnic groups.

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Ok, well I am 18 years old and I peopoe a buddy in collage. His dorm building parties a lot! About 3- 4 a week. Many of the dorms at the buildings have parties as. Well the one thing I discovered was at the parties where people are getting drunk and high. I decided to Challenge them to playing cards usually tonk or 5 card draw and I make money off of. Yeah thats right even when I lose I win! I told my parents I’ve been doing this and they said its wrong and immoral. As well as a few of my friends and a teacher said the same thing.

All them say its wrong and I shouldn’t take advantage of people like. Is it wrong? I don’t get drunk or high so I would know, but is it wrong to do that to people? They shouldn’t get wasted in the moneu place right? So its like lesson to them, what do you think? I hope that your hospitalization insurance is paid up.

When one of their more sober buddies catches you cheating them, I think that you’ll be the one getting the lesson. Trending News. At least 2 dead, 15 hurt in Missouri shooting: Police.

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I was leaving a corporate office building after a full day of leading workshops on how to talk about race thoughtfully and deliberately. The audience for each session had been similar to the dozens I had faced. There was an overrepresentation of employees of color, an underrepresentation of white employees. Meanwhile, there was always a white man eager to share his thoughts on race. In these sessions I typically rely on silent feedback from participants of color to make sure I am on the right track, while trying to moderate the loud centering of nake. But this was not the place. This was not the place. Despite the care I take in these sessions to center people of color, to keep them safe, this still was not the place. Once again, what might have been a discussion about the real, quantifiable harm being done to people of color had been mkae by a discussion about the feelings of white people, the expectations of white people, the needs of white people.