Black Entertainment Television founder Bob Johnson, speaking at The National Press Club, on 4/8/2013 said the nation “would never tolerate white unemployment at 14 and 15 percent.” Black unemployment has been double that of white Americans for more than 50 years. The black youth unemployment rate is more than 40 percent nationally. In some cities, unemployment for black working-age males is more than 50 percent. Let’s look at this, but first let’s look at some history.From 1900 to 1954, blacks were more active than whites in the labor market. Until about 1960, black male labor force participation in every age group was equal to or greater than that of whites. During that period, black teen unemployment was roughly equal to or less than white teen unemployment. As early as 1900, the duration of black unemployment was 15 percent shorter than that of whites; today it’s about 30 percent longer. To do something about today’s employment picture requires abandonment of sacred cows and honesty.
Why don’t we as black people support black business? I have a theory as to why we don’t but I wanted to hear it from my colleagues, friends, and business associates. Below is a list of reasons I was given when I asked other blacks why they thought blacks don’t support their own:
The #1 reason given by blacks for not supporting black owned business is that black businesses are ghetto & unprofessional. Sadly in some cases this is true but when it’s not and those businesses that .
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