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Are Millennials Giving Up on Entrepreneurship? - The Atlantic
Research suggests entrepreneurial activity has declined among Millennials. The share of people under 30 who own a business has fallen to almost a quarter-century low, according to a 2015 Wall Street Journal analysis of Federal Reserve data. A survey of 1,200 Millennials conducted in 2016 by the Economic Innovation Group found that more Millennials believed they could have a successful career by staying at one company and attempting to climb the ladder than by founding a new one. Two years ago, EIG’s president and co-founder, John Lettieri, testified before the U.S. Senate, “Millennials are on track to be the least entrepreneurial generation in recent history.”
Business  LIU  Cline  Economics  inequalities  Power_in_America  career  jobs 
9 days ago by Jibarosoy
How white racism destroys black wealth - The Washington Post
In the end, they were left with one number: $48,000.

That’s the amount the average home in a majority-black neighborhood is undervalued, relative to an identical home in an identical all-white neighborhood once you properly adjust for all the other structural and neighborhood characteristics that could plausibly affect that number. That’s the “cost of racial bias,” as the authors put it, “amounting to $156 billion in cumulative losses” accruing to black homeowners.
housing  race  inequalities  sociology 
15 days ago by oripsolob
From Recovery to Union Renewal | Portside
When I walked Woonsocket’s largely empty Main Street with its iconic “Bienvenu” sign and scattered former factories, therefore, it was with more than a detached analytic gaze. I spoke with many residents — sixty, so far — and asked them about things I knew: work, wages, unions, politics. Everyone had something to say.

Artie, a forty-eight-year-old out-of-work carpenter told me, “These are hard times, bro. I’ve probably built a million houses, I’ve been a productive part of society, and for what? Some fucking asshole up in Boca Raton?”

Theresa, a forty-two-year-old single mother who had escaped an abusive relationship only to find a cold shoulder on the job market relayed her experience: “I filled out an application and they weren’t hiring anybody who didn’t have a college degree. They wanted people who are ‘future-oriented,’ they don’t want riff-raffs.’’
Pol.11  Power_in_America  class  inequalities  marxism  capitalism  work  organizing 
19 days ago by Jibarosoy
Walking-to-Work Stories: Heartwarming or Harmful? | On the Media | WNYC Studios
We begin this week's transit-oriented theme show with a story of Good Samaritans and gratitude. Specifically, the beloved, "heartwarming" media trope of the person who walks miles and miles and miles to work — usually out of heartbreaking necessity — and is rewarded for their perseverance with a car, or a bike, or at least an appearance on the 5 o'clock news. Uplifting as these tales may sometimes be, they are also "terrible," as Streetsblog national reporter Angie Schmitt explained to Brooke.
story  race  class  car  sociology  inequalities  NPR  Podcast  radio  Media 
21 days ago by oripsolob
How Black Citizenship Was Won, and Lost - The New York Times
“Black Citizenship in the Age of Jim Crow,” an exhibition about Reconstruction and its aftermath at the New-York Historical Society through March 3, doesn’t draw explicit parallels to today’s politics. But perhaps it doesn’t have to.

“The struggle over who has the right to citizenship and who belongs has been at the heart of American life over centuries,” Marci Reaven, vice president of history exhibitions at the museum, said on a recent afternoon.

Reconstruction can be a challenging story to tell, given how it cuts against deeply held American ideas about steady moral progress. It can also seem like a very abstract story, dominated by Constitutional amendments, legal battles and court decisions.
race  history  inequalities  constitution 
5 weeks ago by oripsolob

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