Black / White Wealth Gap Shrinks, but Incomes are Down for Blacks (Long Version with Lots of Details)

We have all heard about the Black / White wealth gap. White wealth is about six times that of Black people.  We know where the wealth gap comes from,  a long legacy of injustice. But what is the wealth gap exactly and how is it measured? Well, today, it’s time to look. The Black / … Read more

Are Unions Good?

Unions are good, they balance worker interests against corporate interests which benefits society. On Labor Day and with the UAW strike in the news, there are lots of questions about Unions.  This Labor Day is a chance to step back and look at the benefits Unions provide to society. Let’s look at some of the … Read more

Great stories for September 2023

Top Stories Wanted: 20,000 Young Americans to Fight Climate Change (NY Times) — The White House plans to create an “American Climate Corps” that would train thousands of young people for green jobs. Diddy Accused By Diageo Of Working Against Other Black-Owned Businesses (Hot New Hip Hop) The number and share of SBA-backed 7(a) and … Read more

Labor Day Stories

Labor Day Related Stories or Economic Outlook Labor Day Edition I wish I had a lot of good news on Labor Day, but I don’t.  The good news There are a couple of Labor bright spots. On July 31st, the New York State Nurses Association and the NYC Health and Hospitals Corporation reached a settlement. … Read more

More Labor Day Stories

A couple of Labor Day articles focusing on history. When Labor Day Meant Something (Atlantic) Have we forgotten the true meaning of Labor Day? (The Conversation) A Labor Day Reflection on Unions, Race, and Division (New Yorker) It’s not just famous actors and big-name writers the Hollywood strikes are hurting (Vox) Labor Day Is a … Read more

The Great Migration

Great Migration – Key Books, Articles, Websites, and Resources To save you time, here are the two best sources on the US Black Great Migration: a general article and a website from the Civil Rights and Labor History Consortium. Read these first instead of this article. Then come back for the details and discussion.   … Read more

BEBN Investment Advice (Part 1) — Are you ready to Invest?

We are asked, from time to time, to give investment advice. We want to share a couple of principles we have learned over time. Investing and personal finance are huge topics in the Black Community. It is important that we understand the basic principles. But first we have to cover the pre-investing basics. Are you … Read more

Top Stories for August Week 2

Earn Your Leisure is hosting an Investment Festival (Investfest) – The number one black personal finance podcast on Youtube.com is hosting an investment conference in Atlanta on August 25 to 27th. The conference features Robert F. Smith (the richest Black billionaire in the US), Sean Combs, and Steve Harvey. The line-up is amazing, a who’s … Read more

Black Unemployment Report — July 2023

Black unemployment report – July 2023 The unemployment rate for Blacks was unchanged at 5.8% while Labor Force Participation rate remained near recent highs (62.7%) The Black unemployment rate was reported at 5.8% and the “Real” Black employment was 9.0% (see below). The National unemployment rate stood at 3.5%, and non-Farm Payrolls rose by 187,000. … Read more