The truth about unemployment - part1
The problem with the economy today is not employment as a general and separated issue from other factors. One of the main factors in unemployment is education and the skills needed by employers today.
Looking at the recent stats from the bureau of labor statistics we find that the unemployment rate everyone talks about, the 8-9% is actually an average useless number. The prevailing unemployment factor is the level of education as shown the chart below.
Dissecting the data further show a large disparity between the different ethnic groups with African Americans having a higher unemployment rate in every educational level compared to their white peers.
It is a civil rights issue. It is a long term issue. It’s unfair to the public when the media and politicians address this problem as a one big generic problem that requires a silver bullet or a magic president.
The solution is enabling access to education, better education at all levels, and lifting the poor from poverty. These are huge problems that require commitment, social programs, access to education, and time. That’s why experiments / programs like the Harlem Children’s Zone are key ways to prove in data that it can be done.
