I’m sure that the people on this board have heard of globalization and the impact that it is having on the US economy. As we all know, the US is losing thousands of jobs each month to China, India, and other countries with lower labor costs. The people that are hurt the most by the job losses tend to be blue-collar workers and increasingly white-collar workers. The loss of jobs to low wage countries has hit all groups of people in the US, but those hurt the most tend to be blacks. As some of you may be aware, the unemployment rate of blacks in many of America’s large cities tend to be around 35% or more. In New York City, the unemployment rate of black males is roughly 50%. Now, the “experts” say that reasons for the high black unemployment rate are crime, drug use, weak education, bad work ethic etc. I think that some of those things are certainly partially responsible, but I think that globalization is a much bigger threat to the black community.
The way I see it is like this:
Any and every job that can be outsourced is going to be outsourced; there is no stopping it. On top of that though, employers are going to continue to be HIGHLY selective in regards to whom they hire. They know job growth is low, they know they have the power. They are going to look for people that come from the best schools, with the best grades, the best work experience, basically, you’re going to have to be Superman to get a “decent” job. Needless to say, this does not bode well for blacks. I think that unemployment is going to keep soaring. Finally, employers are going to increasingly turn to foreign countries for talent. Basically, it seems to be that blacks are increasingly becoming economically redundant. Corporate America never wanted us and now, with the rest of the world coming online, they increasingly don’t need us.
So, I wonder, what do you guys think the black community will look like in 20 or 30 years? Will 65-70% unemployment be the norm? Will the American Dream be just that to most blacks, a dream? What are your serious thoughts on this?
The way I see it is like this:
Any and every job that can be outsourced is going to be outsourced; there is no stopping it. On top of that though, employers are going to continue to be HIGHLY selective in regards to whom they hire. They know job growth is low, they know they have the power. They are going to look for people that come from the best schools, with the best grades, the best work experience, basically, you’re going to have to be Superman to get a “decent” job. Needless to say, this does not bode well for blacks. I think that unemployment is going to keep soaring. Finally, employers are going to increasingly turn to foreign countries for talent. Basically, it seems to be that blacks are increasingly becoming economically redundant. Corporate America never wanted us and now, with the rest of the world coming online, they increasingly don’t need us.
So, I wonder, what do you guys think the black community will look like in 20 or 30 years? Will 65-70% unemployment be the norm? Will the American Dream be just that to most blacks, a dream? What are your serious thoughts on this?