Thursday, October 4, 2012

Economic Trap

Professor Chancellor was important in identifying the economical trap. This is where African, Afro-European and African American  people are paid LESS than Whites (because of discrimination, unemployment, underemployment, and lack of promotion), but are required to pay MORE than Whites (for consumer goods, taxes, rents, and insurance).
In addition, African people are more likely to be in geographical areas where inflation is higher. African  people are also probable to be land to a lesser degree, capital and asset. Finally, their labor is robbed of its vitality by the business.

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