How can the 7.1 million Black citizens age 25-54 with a high school education or less, effectively compete with a new influx of 6.2 million illegal aliens aged 25-54, with a high school education or less for jobs?
Recently the Project 21 black leadership network reached the ominous conclusion that it won’t be possible. Dr. Claud Anderson, author of PowerNomics and President of The Harvest Institute, a Black Think Tank based in Washington, DC has been firm in stating any amnesty granted to illegal immigrants will further cement Black citizens into permanent economic underclass status.
The Great Recession took a particularly harsh toll on Black America, with the Black unemployment rate rising to a high of 16.7 percent twice (March 2010 and August 2011) during the Obama Administration, and remaining high during the second quarter of 2014, when 11 percent of Blacks in the workforce aged 16 and older were unemployed compared to an overall unemployment rate of 6.1 percent.
Blacks also lost a disproportionate share of their wealth due to the sub-prime mortgage crisis. Almost 40% of Black America’s wealth was wiped out as major multinational banks targeted Blacks for these toxic loans. The banks were later given “bailout monies” while more African Americans tumbled from the middle class into poverty.
Only 4% of Black American own business assets. That’s right, 96% of Black Americans have no equity in a business. So if employers are going to benefit from amnesty, how does that benefit Black Americans when currently only 4 out of 100 even have a business interest? Clearly the vast majority of Blacks are not employers – they’re looking for work, as employees.
The American population has been ageing with the youngest Baby Boomers (born 1946-1964) moving into their middle career and beyond. Illegal immigrants and Black Americans in the workforce have a similar median age (approximately 36 and 39 years of age, respectively, with non-Hispanic whites six years older than the illegal immigrants, at 42). There will be increased head-to-head competition for age-sensitive employment opportunities.
So, if President Barack Obama takes unilateral executive action to grant work permits to millions of illegal aliens, don’t be fooled into thinking this will not immediately hurt Black Americans.
Until programs, policies and resources that are specifically and singularly targeted towards Black Americans are implemented, to reduce the incredible and ongoing economic assault Blacks will continue to suffer disproportionately. It does not make business, economic or social sense for Black America to support the President on this one.