Minorities hardest hit by California economy

Joel Kotkin:
The Hollowing-Out of the California Dream

For minorities in the Golden State, opportunity and upward mobility are hard to come by.

...
Its political leaders and a credulous national media present California as the “woke” state, creating an economically just, post-racial reality. Yet in terms of opportunity, California is evolving into something more like apartheid South Africa or the pre-civil rights South. California simply does not measure up in delivering educational attainment, income growth, homeownership, and social mobility for traditionally disadvantaged minorities. All this bodes ill for a state already three-fifths non-white and trending further in that direction in the years ahead. In the past decade, the state has added 1.8 million Latinos, who will account by 2060 for almost half the state’s population. The black population has plateaued, while the number of white Californians is down some 700,000 over the past decade.
...
Even as incomes soared in the Silicon Valley and San Francisco after 2010, wages for African-Americans and Latinos in the Bay Area declined. The shift of employment from industrial to software industries, as well as the extraordinary presence—as much as 40 percent—of noncitizens in the tech industry, has meant fewer opportunities for assemblers and other blue-collar workers. Many nonwhite Americans labor in the service sector as security guards or janitors, making about $25,000 annually, working for contractors who offer no job security and only limited benefits. In high-priced Silicon Valley, these are essentially poverty wages. Some workers live in their cars, converted garages, or even on the streets, largely ignored by California’s famously enlightened oligarchs.
...
For generations, California’s racial minorities, like their Caucasian counterparts, embraced the notion of an American Dream that included owning a house. Unlike kids from wealthy families—primarily white—who can afford elite educations and can sometimes purchase houses with parental help, Latinos and blacks, usually without much in the way of family resources, are increasingly priced out of the market. In California, Hispanics and blacks face housing prices that are approximately twice the national average, relative to income. Unsurprisingly, African-American and Hispanic homeownership rates have dropped considerably more than those of Asians and whites—four times the rate in the rest of the country. California’s white homeownership rate remains above 62 percent, but just 42 percent of all Latino households, and only 33 percent of all black households, own their own homes.

In contrast, African-Americans do far better, in terms of income and homeownership, in places like Dallas-Fort Worth or greater Houston than in socially enlightened locales such as Los Angeles or San Francisco. Houston and Dallas boast black homeownership rates of 40 to 50 percent; in deep blue but much costlier Los Angeles and New York, the rate is about 10 percentage points lower.
...
There is much more.

If Sen. Kamila Harris becomes a candidate in the 2020 race for President this article could become a gold mine of for competing campaigns to show how Democrats like Harris have failed the minority community in California.  It is ready made opposition research.

Comments

Popular posts from this blog

Russia attacking Iranian forces in Syria

Shortly after Nancy Pelosi visited Laredo, Texas and shook hands with mayor of Nuevo Laredo this happened