Top 10% Now Own 77% of American Wealth + Widening Racial Wealth Gap

[Pressure]

What do you mean? As far as kinds of Asians? I.E Chinese, Indian, etc? What conclusion are you trying to reach?

Yes, it would make more sense to break them out a little more for better accuracy is all I'm saying.

Indians and Chinese people very rarely relate to themselves as all being Asian. Neither do employers.

 

[Alpha Male]

Yes, it would make more sense to break them out a little more for better accuracy is all I'm saying.

Indians and Chinese people very rarely relate to themselves as all being Asian. Neither do employers.

There are currently only 3.79 million Chinese people living in America. The average yearly income is close to $85,000.

How is this extreme minority, one with barely any representation in government or media, doing so well in a ‘rigged’ economic system?

Is it Asian privilege?

 

[Sensitive Blake Griffin]

it's the free market brehs. the invisible hand is guiding us towards a utopia.

 

[Alpha Male]

There are currently only 3.79 million Chinese people living in America. The average yearly income is close to $85,000.

How is this extreme minority, one with barely any representation in government or media, doing so well in a ‘rigged’ economic system?

Is it Asian privilege?

Did I stump the coli?

 

[DEAD7]

Politicians are part of the system. They'll never do what really needs to be done to fix the situation.

Which is?

 

[DEAD7]

it's the free market brehs. the invisible hand is guiding us towards a utopia.

Do you really believe we have a free market or is this liberal shyt posting?

 

[FAH1223]

 

[DEAD7]

It is curious that they would leave out Asians. Are they not an ethnic minority?

The current U.S. population is less than 6% Asian. That's less than blacks and latinos. They also have the least representation in government by far.

And yet in spite of this, Asian families have the highest median income of anyone in this country.

It would hurt their narrative/agenda to show any minorities doing better than whites...

 

[DirtyD]

Did I stump the coli?

The discrepancy is explained in part by the fact that Asian immigrants tend to be highly educated, because of immigration policy, and that society has over time become less racist towards Asians.

In 1980, for instance, even Asian high school dropouts were earning about as much as white high school dropouts, and vastly more than black high school dropouts. This dramatic shift had nothing to do with Asians accruing more education. Instead, Hilger points to the slow dismantling of discriminatory institutions after World War II, and the softening of racist prejudices. That’s the same the explanation advanced by economists Harriet Orcutt Duleep and Seth Sanders, who found that in the second half of the 20th century, Asian Americans not only started to work in more lucrative industries, but also started to get paid more for the same kind of work.

In other words, the remarkable upward mobility of California-born Asians wasn’t about superior schooling (not yet, anyway). It was the result of Asians finally receiving better opportunities — finally earning equal pay for equal skills and equal work.

Yet, the idea that Asian-American success is the result of a unique cultural inheritance ignores the role of U.S. immigration policy in creating Asian-American success. In the mid-1800s Asian immigrants were recruited as laborers to work as farm laborers and on the first transcontinental railroad. They were despised laborers who toiled for low wages in the harshest of conditions. Confucian values were not seen as the key to success, but as a marker of racial and religious differences. Eventually, most Asians were excluded from immigration altogether due to fears of racial contamination.

But what a difference a law can make. The 1965 Immigration and Nationality Act changed the way Asians were seen in this country--from uneducated and unwanted scourge to hardworking students and examples of economic success. How did we go from backwards laborers to a so-called "model minority"? Too many people assume the community’s educational and economic success is due to the cultural traits of Asian Americans. Like Kristof, they believe Asian Americans care more about education than the average American.

There is another explanation. The 1965 Immigration and Nationality Act ended Asian exclusion and created two immigration priorities: high skills and family reunification.

"We must not let the advantages of immigration policy and positive attitudes from teachers fuel the myth of cultural superiority."

After 1965, the U.S. started to recruit high-skilled immigrants from Asia. More than half of the Asian-American population immigrated after 1990, when these efforts were ramped up even further. Today, fully 72 percent of all high-skilled visas are allocated to immigrants from Asia. And the majority of international student visas go to Asian immigrants.

This mode of selective recruitment challenges the idea that Asian success in the U.S. is due to Asian values. That is too simple. If Asian cultural values were the explanation, why don’t we see the same kind of educational achievement in Asia as in the U.S.? We don’t. As Jennifer Lee points out, more than 50% of Chinese immigrants in the U.S. have a bachelor’s degree. In China, the rate is about 5%. About 70% of Indian immigrants have a bachelor’s degree, while in India, less than 15% of Indians of college-age enroll in college. (India, by the way, has never been a stronghold of Confucian values.)

RELATED: Report Highlights Higher Education Disparities Within Asian America

So, U.S. immigration policy creates a highly educated Asian-American class and this group sponsors highly educated family members. And the model minority stereotype is given life. As Kristof states so compellingly, this stereotype takes on a remarkable life of its own.

 

[Cynic]

what's funny about making or wanting $15 an hour or representation

Employers cut hours when this happens ... and they actually get less pay

 

[Alpha Male]

It would hurt their narrative/agenda to show any minorities doing better than whites...

Obviously.

Think about how intellectually dishonest it is for someone create a graph showing the relationship between race and wealth and NOT include all the races. As if blacks and latinos are the only minorities in this country.

If anything the success of Asian Americans and Middle Eastern Americans is evidence that it’s NOT a rigged system against minorities. These people are kicking ass!

 

[Alpha Male]

The discrepancy is explained in part by the fact that Asian immigrants tend to be highly educated, because of immigration policy, and that society has over time become less racist towards Asians.

What about Arab Americans?

Average medium income = approx 56k/yr

Is America less racist towards them too?

How come they aren’t being economically oppressed?

 

[Berniewood Hogan]

The "racism is a myth because Asians" narrative is straight from 4cac, btw, folks.

 

[Alpha Male]

There I dapped you now gtfo you troll

 

[Berniewood Hogan]

I don't get notifications for daps, thanks for letting me know. Now GB24C.