Jesse Washington writes in the Chicago Sun Times:
Millions of Americans endured financial calamities in the recession. But for many in the black community, job loss has knocked them out of the middle class and back into poverty. And some experts warn of a historic reversal of hard-won economic gains that took black people decades to achieve….
Austin thinks more black people than ever before could fall out of the middle class because the unemployment rate for college-educated blacks recently peaked and blacks are overrepresented in state and local government jobs. Those are jobs that are being eliminated because of massive budget shortfalls.
The idea that the reduction of government will hit the Black community in a unique negative way is detailed by Walter Russell Mead: Black and Blue:
If we start talking about cutting government employment, scaling back unsustainable government pensions and similar ideas, we need to be clear: we are going to be striking at the economic foundations of a substantial chunk of the Black middle class. As readers of these posts know, I believe that these changes are coming whether we want them or not; the question is what happens to Black America as these changes take place – and how can an upgrade to a less bureaucratic, more flexible and entrepreneurial society work to strengthen rather than undercut the Black middle class?