Historically, the Black unemployment rate has always been higher than the white unemployment rate—and the difference spikes during recessions as Black workers are the first to be let go. However, the gap has steadily declined over the years. After peaking in 1983 at above 10%, it's come down to just over 2% more recently. If this keeps up, the difference will be zero in another decade or two.
yet more reason that trump must win. he needs to dynamite the woke dei that is perverting the natural selection of the best employees for retention.
And if I had kept growing at the same rate I did in high school, I'd be 30 feet tall right now.
Shirley that calls for a famous Drum Trend Line, no?
Drum: "If this keeps up, the difference will be zero in another decade or two."
With AI everywhere by 2035, there won't be an unemployment rate, that is, the percent of working age people looking but unable to find a job.
We need more immigrants to take the Black jobs.
Also, Hispanic jobs. But for those we'll need immigrants from some other part of the world, but the current immigrants will just be replacing like for like.
> If this keeps up, the difference will be zero in another decade or two.
Umm.... look, I know people's eyes glaze over when mathematicians or statisticians ask things like this, but: using what model?
- If it's a linear model: Yes, and also soon thereafter Black unemployment will be much, much lower that white unemployment.
- If it's an exponential model (i.e., exponential decay, not increase): Well, no, but the difference will soon be negligible.
- If it's a quadratic model: Yes, but then it will start to increase again and become even worse.
Without even a hint of explanation of the underlying effect, it's your call...
Hyperbolic. The curve approaches zero asymptotically.
None of those apply. What is in use is the pundit model…