From 2015-2019 black men rank second in bachelors degrees going from 19% to 23.7%

[Secure Da Bag]

You should. All I'm saying is that the goal of the business owner first and foremost is running a profitable business. Obviously you love Black people and you are going to do what you can, but you can't compromise your business trying to help and uplift Black people.

But as a black business owner, you can hire qualified black people. That's why all these other black people are going to college and graduating. To be qualified to get a job. Right?

 

[Anerdyblackguy]

I don't know where that data is from, but I would be extremely surprised if White women did not get more degrees than White men, considering the fact that there are more White women in college than White men.

This is 25 and over. White women will surpass them within a year or two.

 

[dark_magic]

Some good stats here but also a lot of misguided notions. The improvement in college attainment by itself is a good thing. There's no need to talk about business and entrepreneurship as a way to belittle this accomplishment. Secondly, we need to stop the silly notion that Black business is going to save us. When you start a business your goal is to higher the best employee period. Regardless of what race you are, it is so hard to run a business, that you can't go into it thinking that it will be both a moneymaker and a direct vehicle for Black uplift. Most of the Black businesses that exist concentrate the returns for their creators. Everyone else is just an employee.

Lastly, it's time to stop talking about founding black businesses like it's an easy thing. Businesses require capital. Most individuals who found businesses either get seed money from investors or they have money lying around. From there they can supplement that with loans. Median Black wealth is projected to go to 0 by 2053. So how would these individuals found businesses? Even for the Black people going to college many of them are battling large amounts of student debt and low wages. And for Black college graduates who are "making it" many of them are required to give large sums of money to family members who are living on the knife's edge. Meanwhile, counterparts of other races are living the exact opposite lifestyle. Their parents give them money.

Should we have more Black Businesses? Of course, we should. But let's not believe 1960s mythology about the ability of Black Business to create a separate economy and save us from cruel injustices of racism. More than anything, though we need to demand a better education system. So that the majority of African-American kids are adequately prepared to enter the workforce. Because right now, in a rapidly changing economy that is producing more and more skilled jobs and automating more and more low-skilled jobs one really has to wonder how our Black Brothers and Sisters without degrees will put food on the table in 20 years.

Have we come a long way? Yes. But make no mistake about, we still have a very long way to go and the menacing hounds of racism, automation and inequality are nipping at our heels every step of the way.

Businesses and households require capital (credit).

You can build and control capital (capitalism) by way of a bank or bank-like entity ....

Must build the bank first ....

The bank can have cash, credit, deposits, and reserves ...

Recapture and reduce interest costs. Control other costs (slippage). Reduce (or eliminate) taxes.

Purchase income producing, cash flowing assets.

 

[Rawtid]

I don't disagree with any of that, in general. But we've been doing what you've described for 50 years. And we're talking about it like we're gonna focus mainly on that for another 50 years. If that's the plan, then that's a problem.

And mind you, I said,


Which it seems like we're gonna and treat like a goal for another 50 years.

But can you say we've been successful at it and to the point we can run huge corporations? Even with degrees we still struggle to find opportunities that are necessary to get to the point you suggest and that's without consideration of any racial barriers. We struggle as individuals and families with managing personal finances so the expectation of leaping from being unable to save a proper emergency fund to hiring your own people and I'm speaking where you can pay "decent" salaries, is going to take another 50 years. As it pertains to small to medium sized businesses, we do hire one another, but those jobs/salaries don't have the same impact.

 

[ultraflexed]

Get the bag breh's

 

[Secure Da Bag]

But can you say we've been successful at it and to the point we can run huge corporations?

Even with degrees we still struggle to find opportunities that are necessary to get to the point you suggest and that's without consideration of any racial barriers.

We struggle as individuals and families with managing personal finances so the expectation of leaping from being unable to save a proper emergency fund to hiring your own people and I'm speaking where you can pay "decent" salaries, is going to take another 50 years.

As it pertains to small to medium sized businesses, we do hire one another, but those jobs/salaries don't have the same impact.

You're this close to seeing the light.

Now to address your points.

1. My point isn't everyone start businesses right now, today. What I'm saying is that the goal should no longer be just "graduate college and get a good job". As has been noted before, 2008 should have sobered everyone to that mantra for good. It should now be how many of these graduates are being hired by black firms/businesses. How many black businesses are being created and in what industries. The college thing we have figured out now. It's the business portion that's still lacking. Look at how many scary nagas are giving some version of "businesses are hard, just work for the white man, it's easier".
   
2. You're half a step from agreeing with my point. Even with degrees and being qualified our employment isn't at its fullest because we rely on others to employ us, teach us, mentor us. The people running those businesses, interviewing and hiring at those businesses don't look like us, still don't quite understand us, and too many times are trying to hire someone other than us.
3. It's a leap now because far too many of us have become consumers and not producers. Especially in the last 50 years. Where "get a good job" has the same connotation as "live in a nice neighborhood".
   
4. It's an issue of scale. We don't have enough businesses and those businesses don't have enough avenues. Most if not all of those avenues are sought in America.

 

[Secure Da Bag]

Get the bag breh's

I secured it, breh.

 

[Snoopy Loops]

Steady Risin'