Join our growing community to challenge mainstream media bias and fix the news
Racial discrimination cost US economy $16 trillion since 2000, Citi says

Racial discrimination cost US economy $16 trillion since 2000, Citi says

A Citigroup study has estimated how much the US economy has lost as a result of discrimination against African Americans. The study says, since 2000, the US gross domestic product has lost a whopping $16 trillion because of discriminatory practices in a range of areas, including education and access to business loans. It comes at a time when the US is rocked by protests over racial inequality.

Chris
Chris
Seekster
Seekster 0 months

The problem is poverty not racism. The poverty rate can be greatly reduced by fathers sticking around to help raise/provide for their kids. Single parenthood is a leading cause of poverty (this is true across all racial groups). Less poverty will result in better educational and vocational achievement as families support the development of their child. The rest takes care of itself. I recommend encouraging marriage among all those in poverty (not just African Americans) by lowering welfare payments to single parent households while at the same time offering current welfare levels to two parent households.

Top in Business