A Burden That Does Not Affect All Americans Equally
Over 8 million Americans were officially unemployed in July, with more than 2 million classified as long-term unemployed, according to the latest jobs report. Another some 6 million Americans were involuntary part-time workers — unable to find full-time work — and about 2 million Americans were marginally attached to the work force, including discouraged individuals convinced there is no work for them. These distinctions do not affect all Americans equally. For example, while the official unemployment rate is still around 5 percent, for African-Americans the unemployment rate is over 9 percent. American teenagers looking for work have an unemployment rate of about 16 percent, but for African-American teenagers, the unemployment rate is over 28 percent. Can we all agree that’s an outrage? Americans are struggling with stagnant wages, rising inequality, increasing personal debt and reduced opportunities for their children, even as the economy expands and the stock market regularly hits new highs. Some say the solution is to further grow the economy by reducing taxes and regulation. Others say the government should just force private …










