60 years since the Civil Rights Act, racial wealth gaps persist
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 1 March 2024
⏱️ 7 minutes
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Summary
The National Urban League is out with its latest assessment on the State of Black America, which measures racial inequality in areas including employment, health care, housing and criminal justice. While some gaps have closed, others still have a long way to go to reach parity. We’ll discuss. Plus, Wall Street is betting on a boom fueled by AI and falling interest rates, and theaters hope the “Dune” sequel will get moviegoers back in seats.
Transcript
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| 0:00.0 | The State of Black America by the Numbers. |
| 0:04.0 | I'm David Brancaccio. The National Urban League has fresh data out this morning on the State of |
| 0:09.4 | Black America. This report measures racial inequality in U.S. society and the economy. |
| 0:15.0 | Metrics include employment, health care, housing, criminal justice, and more. |
| 0:19.0 | This year's report comes in even 60 years since the passage of the Landmark Civil Rights Act of 1964. |
| 0:26.7 | Mark Morial is president of the Urban League and joins us now, Mr. Muriel, welcome. |
| 0:31.1 | Thank you, thank you for having me. |
| 0:32.4 | It is always great to be with you. Thank you for having me. It is always great to be with you. |
| 0:34.0 | Your report shows that racial economic inequality has in some ways widened in some areas in recent years. |
| 0:42.0 | I was looking, the report cites data that in the year |
| 0:44.6 | 2000 a black man earned 75 cents for every dollar earned by a white man and then by |
| 0:50.4 | 2024 this goes down to 71 cents, 75 cents to 71 cents, that seems like the wrong direction. |
| 0:57.6 | It is the wrong direction and it underscores that while progress has been made in opening doors, economic equality, economic |
| 1:07.5 | parity in this country is elusive. If you look at many of our urban communities, |
| 1:12.2 | Chicago being won, the decline of |
| 1:15.0 | manufacturing, the decline of blue-collar jobs, and the continued |
| 1:20.0 | persistence of both explicit and implicit bias in hiring and promotions. You can never |
| 1:26.5 | discount that. Help me understand the important part of this report that calculates compared to a just society where people |
| 1:37.2 | are getting their fair share, this report finds that still African American people are |
| 1:42.0 | still missing out on 24% of the population. still index do. It compares the social and economic status of black Americans to white Americans. |
| 1:57.0 | It looks at 300 pieces of data. |
| 2:00.0 | We've seen some closures in the education gap, but there's still a gap. |
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