Posts

Showing posts with the label wealth

Seven Lessons of Financial Literacy 101: Or, If We Do Not Eat, We Cannot Write

Image
Pondering "dollah, dollah" bills right now, as I complete preparation for the first summer gig I have accepted since finishing my Ph.D. program in 2013. It's been four solid years, and I do not regret a moment off the summer income grind. The time typically spent prepping, in office hours, managing emotions, invoices, and PI expectations has been rerouted to strengthening my research in ways that are tractable and contributory. Sunday, however, I fly out to Albuquerque, New Mexico for a week-long course on race, methods, and health co-taught with the ground-breaking political scientist, John A. Garcia , and hosted by the RWJF Center for Health Policy at UNM . In mid-July, John and I team up again in Ann Arbor, Michigan via the RWJF-funded short course on health issues facing vulnerable populations hosted by the ICPSR Summer Program in Quantitative Methods for Social Research. This year, John and I will be joined by one of the leading sociologists of the Great Recession, S...

What do FDR's New Deal and Obama's Economic Stimulus Plan have in common?

Unfortunately, a lot. A recent report by the Kirwan Institute on Race and Ethnicity at Ohio State University projects that the relief purposed to come from the Economic Stimulus Plan will not benefit all groups to the same degree. Because of the racial stratification of occupations and employment opportunities, the jobs created in the stimulus package are designed for industries where blacks, in particular, are underrepresented (e.g., the construction industry). In parallel fashion, the handouts of the New Deal disproportionately fell in the hands of white middle class America , as it funded the seeds of suburbanization and the post-World War II White Flight phenomenon through the National Housing Act of 1934 implemented by the Federal Housing Administration. These government handouts are largely responsible for the large black-white gap in wealth we still see today. Fortunately, unlike the 20s, we currently have laws that criminalize racial discrimination in hiring and wage allotmen...