Question

III. On the startling statistics and economic predicaments of Black people in USA Black people continue to have the highest poverty rate, the highest unemployment rate and the lowest income and wealth than other racial groups since these statistics started to be published. What you need to do:

1. Using your course knowledge, chapters 5 and 6 in particular, provide thoughtful and proficient analysis explicating whether Black people are poor because they do not work (or work less) or they do not work because they are poor? (15 points)

IV. On the implications of macroeconomics
1. Why is structural unemployment a more difficult problem for the economy and individual workers than other types of unemployment? Your analysis must be to the point and complete. (10 points)
2. Use your knowledge of interaction between skills, hiring preferences, and the impact of macroeconomic conditions to explain why the poor work substantially less than the non-poor. Your analysis must be sound, insightful, and comprehensive. (10 points)

Answer 1

Discrimination contributes to the higher unemployment rate among Black people, but the gaps have narrowed in recent years.

Step-by-step explanation:

The high unemployment rate among Black people compared to other racial groups can partly be attributed to a pattern of discrimination that limits their opportunities in the labor market. However, the gaps in unemployment rates between different racial groups have decreased over time. For example, in the 1990s, unemployment rates for Black and Hispanic people were at their lowest levels in decades before rising during the Great Recession.