I mean at the end of the day yea but fact remains there was a period in my grandparents life where the black middle class was on the rise and there was certainly no wealth. This all stagnated and declined with the onset of ghettoization in the north post the great migration. These hyperghettos have led to abhorrent conditions which have destroyed the family and thus any chance of a future for most children. Rinse and repeat...
But of course wealth brings you out of the ghetto so here we are back to the question of how you do that.
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"Most analysts assumed that once the nation removed discriminatory legal barriers and expanded employment opportunities, blacks would advance, just as poor immigrants had.
Conditions for testing that proposition looked good. Between the 1954
Browndecision and the Civil Rights Act of 1964, legal racism had been dismantled. And the economy was humming along; in the first five years of the sixties, the economy generated 7 million jobs.
Yet those most familiar with what was called “the Negro problem” were getting nervous. About half of all blacks had moved into the middle class by the mid-sixties, but now progress seemed to be stalling. The rise in black income relative to that of whites, steady throughout the fifties, was sputtering to a halt. More blacks were out of work in 1964 than in 1954. Most alarming, after rioting in Harlem and Paterson, New Jersey, in 1964, the problems of the northern ghettos suddenly seemed more intractable than those of the George Wallace South.
Moynihan, then assistant secretary of labor and one of a new class of government social scientists, was among the worriers, as he puzzled over his charts. One in particular caught his eye. Instead of rates of black male unemployment and welfare enrollment running parallel as they always had, in 1962 they started to diverge in a way that would come to be called “Moynihan’s scissors.” In the past, policymakers had assumed that if the male heads of household had jobs, women and children would be provided for. This no longer seemed true. Even while more black men—though still “catastrophically” low numbers—were getting jobs, more black women were joining the welfare rolls. Moynihan and his aides decided that a serious analysis was in order.
Convinced that “the Negro revolution . . . , a movement for equality as well as for liberty,” was now at risk, Moynihan wanted to make several arguments in his report. The first was empirical and would quickly become indisputable: single-parent families were on the rise in the ghetto. But other points were more speculative and sparked a partisan dispute that has lasted to this day. Moynihan argued that the rise in single-mother families was not due to a lack of jobs but rather to a destructive vein in ghetto culture that could be traced back to slavery and Jim Crow discrimination. Though black sociologist E. Franklin Frazier had already introduced the idea in the 1930s, Moynihan’s argument defied conventional social-science wisdom. As he wrote later, “The work began in the most orthodox setting, the U.S. Department of Labor, to establish at some level of statistical conciseness what ‘everyone knew’: that economic conditions determine social conditions. Whereupon, it turned out that what everyone knew was evidently not so.”
https://www.city-journal.org/html/black-family-40-years-lies-12872.html