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Hello, my name is Ethan Adkins and I'm[br]discussing today with Omar Drammeh on how

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we can bridge the racial and ethnic divide[br]in relation to specifically economics.

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So to start, we're gonna talk[br]about how there is the racial and

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ethnic economic divide specifically.

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For example, in 1968,[br]the typical middle class black household

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held around $6,600 of wealth[br]compared to around 7,100,

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71,000, my bad, for[br]the typical middle class white household.

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And in 2016,[br]you'd think that it'd get better, right?

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But it actually got much worse.

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It was 13,000 for[br]the typical middle class black household,

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were 149,000 for[br]the typical median white household.

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And in 2016, you'd need around 11.5 black[br]households on average to get the net

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worth of one typical white US household,[br]which my opinion is not very good.

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Why do you think and this may be[br]a bit uneducated on this matter.

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>> First 11.5.

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>> 11.5.

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>> 12 separate households[br]to make up one house?

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>> It is on average, but[br]it's still a ridiculously high number.

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>> I think there's just[br]under education going on and

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a lack of proper funding[br]from the government.

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More POC populated areas tend[br]to have less funding from their

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respective school districts and[br]less funding on education leads to

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lower social status and level up I'd say-[br]>> Yeah, I get what you're saying.

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>> If you're not as educated,[br]you're not as likely to make more money.

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>> You're not gonna pursue[br]those higher careers.

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>> Yeah cuz to make over six figures[br]that's more than likely college degree and

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most people don't go past high[br]school in more POC populated areas.

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>> Sure, sure, and keep in mind,[br]these numbers were pre COVID.

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So we're gonna now look on COVID because[br]obviously people have been losing

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their jobs.

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It's been getting worse.

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You can see here that pre COVID[br]there was 5.8% unemployment rate for

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the black community, or for[br]the white, it was 3.1 and

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here in September with COVID,[br]it rose to 12.1% with the black community.

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And 7% in the white community,[br]I think it's the same

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situation you're talking about,[br]just more amplified, if you will.

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Because, Like you were saying,

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the less educated people probably[br]lost their jobs more often.

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They were let go.

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Do you have anything to add on that?

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>> I mean I think you covered it but[br]just like recap in a way.

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If you're less educated, you hold less[br]value so to speak to your business.

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To your employer you hold less value if[br]you're not as educated and based on what I

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initially said, if more POCs are less[br]educated than those of non POCs,

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then they're more likely to get let go.

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Making up the reason for[br]why the rate of unemployment is so high.

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>> Yeah, yeah.

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And here we can see real quick on[br]figure two on the right hand side that

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with COVID, only 18% of the white[br]people that were interviewed

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had trouble paying bills where it[br]was 43 with the black community.

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It's 43% had trouble paying bills,[br]which is quite a ridiculous number.

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So let's look at-[br]>> [LAUGH] 43?

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>> Yeah, 43.

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So some solutions to this.

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I mean, I say overall awareness[br]because people aren't aware,

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communication on the issues.

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You have anything to add?

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>> Yeah, with awareness, you just need[br]to acknowledge that there's a problem.

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>> Of course.[br]>> Communication I agree with but for

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the discussion,[br]I think there should just be

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more government spending in[br]more POC populated areas.

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Because the more funding you have,[br]the higher level of education you get,

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a higher level of education leads to you[br]pursuing more types of education leading

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to a smaller economic gap.

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So the gap will completely be[br]bridged if more government

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spending was allocated and[br]more awareness was given as well.

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>> Because right now the gap's[br]just only getting worse and

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worse because it's here and it gets worse.

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This gets better, this gets worse,[br]this gets better.

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So I see what you're saying.

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I agree.

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And I think that's about it.

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Thank you for your time.

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>> Yeah, of course.

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>> Thank you.