Why Black People Are At The Bottom?

[theworldismine13]

and making 50-100k with the responsibility of a business is a damn headache.
you can get a government job and cake that amount and you have no liability and can get good insurance coverage.

You can do whatever the fuk you want, I wasn't giving life advice, I'm just saying that a low profit hair store has a lot of wealth in it, if your prefer working then do that

But the wealth gap and black unemployment rate is related to the fact that black people do not own enough business

 

[MeachTheMonster]

The article is talking about the 10 percent that you sneer at

Corner stores and hair stores are not part of that 10%

Brazil has slave labor, in fact rhe majority of slaves went to brazil and the caribbean, it has abundant resources and it has a huge population, it has the trifecta that you are talking about

It has a huge POOR population. And most of brazil is rainforest, there aren't very many marketable resources in the rainforest. At least not as much as the fertile land of the U.S.

But your the expert. You tell me what's wrong with brazil

 

[MeachTheMonster]

You can do whatever the fuk you want, I wasn't giving life advice, I'm just saying that a low profit hair store has a lot of wealth in it, if your prefer working then do that

But the wealth gap and black unemployment rate is related to the fact that black people do now enough business

So why has the wealth gap grown, during the same time that black business ownership has grown?

 

[Rawtid]

The ownership changes, and no real wealth is built. Those people are merely surviving, just like their employees and their customers.

How are you determining if they build wealth or not with those businesses? Are you looking at the way they dress or something?

 

[theworldismine13]

Corner stores and hair stores are not part of that 10%

i dont get what your point is

It has a huge POOR population. And most of brazil is rainforest, there aren't very many marketable resources in the rainforest. At least not as much as the fertile land of the U.S.

But your the expert. You tell me what's wrong with brazil

what's wrong with brazil is the lack of individual freedom and economic freedom which creates the poor population

i dont know what "marketable resources" means

 

[boskey]

Exactly. And those are the first businesses to go under during an economic downturn. A degree and a career is a much more stable position to be in. Even if you open a small business on the side.

Do you understand that all jobs are tied to businesses? During an economic downturn people get laid off, businesses stop hiring, wages drop etc. If you've been paying attention to the news the past 4 years, youd know even government jobs aren't safe during bad times...

I'm not saying everyone should own a business, theres risks involved and everyone isn't cut out for it. But SOMEBODY in your community should. Otherwise you are completely dependent on the mercy of "others" who don't give a fukk about your well-being...which is pretty much where we are now.

The idea that businesses in a capitalist society are not important to prosperity is 100% absurd. Business is all there is. Everything is business. Even colleges and churches are businesses...

 

[Field Marshall Bradley]

The ownership changes, and no real wealth is built. Those people are merely surviving, just like their employees and their customers.



Why?

The owners move on when they find something more lucrative or they've stacked enough capital to move on to bigger and better endeavors.

The fact that you never see a corner store closed indefinitely is somewhat indicative of it being a money maker

Easy..

100k > 20k all day everyday.

It would be extremely difficult to find a place to stay and a reliable car off of 20k

But with 100k, I can easily find 2 spots that I could pay for where my 10 dependents could stay, and that's real. Plus, I'll have enough bread to have 2 dependable rides. If food is bought in bulk, you could feed 5 people off of 500 dollars a month easily so lets just say 950 a month for 10 people or more. Mexicans that open up tire shops\garages\restaurants\etc do it all the time until their relatives can stand on their own.....

There is no way you could pull this off with a 9 to 5 unless you were making 140 k before taxes, and how many people outside of the coli making that kind of bread....??

 

[MeachTheMonster]

Do you understand that all jobs are tied to businesses? During an economic downturn people get laid off, businesses stop hiring, wages drop etc. If you've been paying attention to the news the past 4 years, youd know even government jobs aren't safe during bad times...

I'm not saying everyone should own a business, theres risks involved and everyone isn't cut out for it. But SOMEBODY in your community should. Otherwise you are completely dependent on the mercy of "others" who don't give a fukk about your well-being...which is pretty much where we are now.

The idea that businesses in a capitalist society are not important to prosperity is 100% absurd. Business is all there is. Everything is business. Even colleges and churches are businesses...

There are plenty of black businesses in communities all over the country.
I agree that Businesses are important. Hair stores and corner stores just aren't important businesses.

 

[theworldismine13]

So why has the wealth gap grown, during the same time that black business ownership has grown?

black wealth is increasing slightly and white wealth is increasing faster and also black people have less education

and the actual number of black business and black graduates is very low even if they are increasing

 

[theworldismine13]

There are plenty of black businesses in communities all over the country.
I agree that Businesses are important. Hair stores and corner stores just aren't important businesses.

no they are not plenty of black business in the country, i just posted the link

 

[DEAD7]

The real problem is the belief within the black community that the cards are so stacked against us, that there is no point in even trying to climb the ladder.

Each generation is fed this idea, and it has rotted our community to the core.

 

[The Coochie Assassin]

90% of businesses fail within the first 5 years. Getting a degree is stable, guaranteed, world wide transferable money.

I can post statistics showing a degree is not stable or guaranteed money as well and this is coming from a black man with a degree. I will never understand the mentality of putting more faith in working for someone else's company vs. your own. We should be promoting both, yet we only preach one and this is why black people aren't building wealth, a salary is not real wealth when you're in debt and giving it to other people.

 

[MeachTheMonster]

i dont get what your point is

"Indians and Asians are opening hair stores and restaurants in the hood. Black people should be doing that" Is the narative of the op and plenty of people on this site. Those types of businesses are not what's leading people to prosperity in 2013

what's wrong with brazil is the lack of individual freedom and economic freedom which creates the poor population

sounds like the black people in America up until very recently.

i dont know what "marketable resources" means

Cotton, Tabaco, and other agriculture is what America built wealth on. Agriculture is very difficult in a rainforest environment.

 

[boskey]

There are plenty of black businesses in communities all over the country.
I agree that Businesses are important. Hair stores and corner stores just aren't important businesses.

They can be very important businesses. They aren't now becuz we've allowed them to be taken over by people who don't live or function in the communities they profit from. So now corner stores and hair stores are really just a drain on the community.

But if the people who live in the communities were actually invested in the communities then the hair store/corner store/liquor store/grocery store/barber shop would be staples that would attract new businesses, new residents, generate tax dollars that support schools and other public services etc etc etc...

This is not hypothetical. This is actually how things work everywhere in America...except the hood.

 

[J-Fire]

Do you understand that all jobs are tied to businesses? During an economic downturn people get laid off, businesses stop hiring, wages drop etc. If you've been paying attention to the news the past 4 years, youd know even government jobs aren't safe during bad times...

I'm not saying everyone should own a business, theres risks involved and everyone isn't cut out for it. But SOMEBODY in your community should. Otherwise you are completely dependent on the mercy of "others" who don't give a fukk about your well-being...which is pretty much where we are now.

The idea that businesses in a capitalist society are not important to prosperity is 100% absurd. Business is all there is. Everything is business. Even colleges and churches are businesses...

the federal government was the only one hiring in 2010 when i needed a job. it was safe during bad times....they only stopped giving our raises for a while meaning you needed a promotion to get paid. But they kept hiring like McDonald and let people get a piece of the pie and even had paid internships going on.

USA jobs was booming with jobs in 2010. CareerBuilder was a wasteland!!!!