Roosevelt Institute director: How neoliberalism sustains racist systems - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

An author at the Roosevelt Institute explains how 3 neoliberal assumptions perpetuate racist economic systems in the US (by paulconstant)

. Anyone who has spent time defending a minimum-wage increase from the attacks of their local chamber of commerce knows how to debunk those allegations fairly easily by now.

." In the article, she identifies three pernicious neoliberal assumptions that rig the economy against Black Americans: the idea that a rising tide lifts all boats; that value equals price, and so we get paid what we're worth; and that the market is fundamentally rational. Again and again, workers are told that they are paid what they're worth — that the market accurately measures their value and establishes a fair price. Gamble says she could see this particular falsehood for what it was on her "first econ class in undergrad. It doesn't match with a lot of our lived experiences," she explains, "and yet it's so pervasive in how we talk about the state of the labor market.

To become a care worker, Gamble says, "some states require an occupational license, there's a high level of emotional intelligence, and hours of training." But because Black workers and women of color represent a large percentage of care workers the market incorrectly identifies the jobs as low-skill, low-pay positions.

Obviously, that didn't happen. The market isn't rational or irrational — it merely reflects the human preferences and systems that are already in place. Rather than eliminating racism through economic selection, the market "preferred" institutions and systems that upheld the status quo of white wealth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

paulconstant The disconnect between the stock market and the realities of the American worker has never been more obvious than now. Markets are speculative, trying to predict the future to position clients to be able make profits on investment opportunities. People's wellbeing not a factor.

paulconstant The cost of education is driven up through the collusion of businesses and schools. Costs of demanded degrees goes up and up, access to the programs that provide them become more exclusive.

paulconstant The educational mandates set forth by companies, a tool used to 'screen job candidates', in many cases, are put in place to isolate and disqualify groups of people on ethnic and social levels.

paulconstant Your pay should be reflective of the success and profitability of the company you work for...it isn't.

paulconstant

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Introducing Advertising Insider, Business Insider's new daily newsletter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here's how to know if your business is a small business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Don’t take the government money! It will be a mistake.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Airbnb resuming IPO plans as business slowly rebounds: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Early investors looking for some cash.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Director Smriti Mundhra On New Dating Show and the Business of Indian MatchmakingIn May, after binge-watching Netflix’s Love Is Blind with equal parts morbid fascination and disbelief, it felt inevitable that the streaming service would eventually serve a reality show about arranged marriages. I hoped it wouldn’t be—as I jokingly tweeted—Love Is Arranged, a show about judgmental Indian aunties pushing a group of wayward American millennials to find life partners on a tropical island. Lo and behold, three months later, Netflix debuted Indian Matchmaking. The original series follows Mumbai-based matchmaker Sima Taparia as she meets Indian millennials and their families who are looking for life partners in both India and America.\n
Source: Jezebel - 🏆 153. / 63 Read more »

Xbox game streaming service 'Project xCloud' launches this September - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I just heard my Xbox 360 devalue some more 😓 Game changer They’ve just killed play station
Source: BusinessInsider - 🏆 729. / 51 Read more »