L2 First Lab Post

Economic Education and Poverty has been a constant issue in this country. I am on the more fortunate side where I have good education and a roof over my head. However, based on the articles I read it seems that some of it has to do with racial inequalities. A piece written by the Cincinnati NAACP conveyed that White Families typically make ten times more money than Black Families. They are subject to disparities in employment, homeownership, housing affordability, and more. It is suggested that by closing the revenue gap, it would generate $290 Billion Dollars for the United States (https://cincinnatinaacp.com/the-issues/economic).

Another source that conveys the point was written by the University of Florida where they claimed “As of late 2017, the richest one percent of Americans owned 40 percent of the nation’s wealth, the highest figure in over a half century. Research shows that Americans underestimate the degree of wealth inequality in the US and would prefer a more egalitarian distribution.

Given the information retrieved from both these articles, from an outside perspective I can’t exactly relate but I can understand the claims being made. I have heard a variety of stories and experiences from my line of work where it mostly is blue collar work and I have worked with teams in a variety of backgrounds where some minorities have less opportunities than others. I agree with the claim that Americans underestimate the wealth inequality in the country. It ties into the saying “The rich get richer and the poor get poorer”. Cincinnati NAACP made a great recommendation that we can potentially start moving towards closing the revenue gap to benefit everyone.