Monday, January 09, 2012

Black America's Deal with the Devil bites them. Hard.

Black employment is heavily concentrated in the state and state subsidized sectors.    By contrast other minority groups are underrepresented in State employment.  Now the State is bankrupt.  A lot of faux black 'progress' is unraveling.

Such are the wages of trusting the monopoly state.  A lot of other, more comfortable groups are about to learn the same bitter lesson.

Weak Jobs Boost Skips Blacks

As CNN Money reports, Blacks are not benefiting from the mild jobs recovery now underway, according to the Bureau of Labor Statistics. Employment for African American women actually declined in 2011, while overall, African Americans lost more jobs and gained fewer new ones than the general population.
The reason is something Via Meadia has been writing about: governments (and semi-governmental entities like the USPS) employ a large number of Blacks.  Teachers, firefighters, policemen, clerks and managers working in government are the heart and soul of the Black middle class.
Those are precisely the jobs that have been slashed during the last recession and will be under pressure for some time to come. Pay and benefits for government employees will be falling even as the number of new hires drops. Unless state and local tax revenues pick up soon, more layoffs will come.  It is likely that the burden of huge pension bills will end up falling most heavily on young African American workers; governments everywhere have underfunded their pension programs and will have to make up the gap in the future by cutting new hires and slashing pay.
Health care, another important source of employment for African Americans, is also going to be squeezed. Whether through the current Obama reform, a single payer program, or some new GOP plan, this sector is going to be squeezed as rising costs make the current ways of doing business unsustainable

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