Paperback: 326 pages
Publisher: The New Press; Copyright 2006 edition (June 1, 2006)
Language: English
ISBN-10: 1595580042
ISBN-13: 978-1595580047
Product Dimensions: 7.5 x 0.9 x 9.2 inches
Shipping Weight: 1.5 pounds (View shipping rates and policies)
Average Customer Review: 4.6 out of 5 stars See all reviews (16 customer reviews)
Best Sellers Rank: #89,876 in Books (See Top 100 in Books) #35 in Books > Business & Money > Economics > Income Inequality #37 in Books > Business & Money > Economics > Labor & Industrial Relations #38 in Books > Politics & Social Sciences > Politics & Government > Specific Topics > Labor & Industrial Relations
Eye-opening doesn't even begin to describe this enlightening volume about the socioeconomic divide among whites and non-whites in this country and the role the government plays in reinforcing the separation. Organized by five key members of the nonpartisan United for a Fair Economy organization based in Atlanta, the book handily dismantles the Horatio Alger myth, especially for minority members, by detailing how economic predation has persisted even as significant strides have been made in the far more discernible civil rights arena. The co-authors - Executive Director Meizhu Lui, Communications Director Betsy Leondar-Wright, current board member Bárbara Robles, past board member (until 2005) Rose Brewer, and Rebecca Adamson of the First Peoples Worldwide - have assembled not only a comprehensive history but also a fulsome, current picture of the economic discrimination that has festered pointedly against four different groups - African Americans, Asian Americans, Latinos and Native Americans.Not coincidentally, the five women come from five different ethnic groups (including white), which allow them to compare their individual experiences and provide personal validation (and sometimes challenges) of their findings. Perhaps the most compelling fact unearthed is the substantial divide in net worth between blacks and whites. Previously, focus has been mostly on income disparity, which while significant, has been almost passively accepted. Specifically, median household income for whites in 2003 was about $48K, while for black households it was about $30K. However, looking on the balance sheet, the co-authors uncovered the revelatory fact that whites had a median net worth of $121K in 2001 versus just $19K for blacks.
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