better off than 4 years ago

[Michael Perelman]

Or are Blacks so disheartened that they are more inclined to appreciate any
gains, while others might not feel particularly good with a small gain, if they
have an image of others doing much better.  I just chatted with James Dusenberry
at the History of Economics meetings.

Doug Henwood wrote:


> Brad De Long wrote:
>
> >Don't Republicans own stocks? Don't Republicans work for a living?
>
> The wording of the question, evoking Ronald Reagan, must stick in their craw.
>
> Notice there was a big gap between black & white perceptions: "Over
> two-thirds (69.1%) of African-Americans said they were better off,
> compared with 49.3% of Hispanics, 43.5% of whites and 36.2% of
> Asians." What is it?, 80-90% of African Americans are Dems, so they
> must boost the Dem average. There's been a sharp narrowing of the
> black-white hourly wage gap in the last 4-5 years (details
> forthcoming in A New Economy?). Black poverty rates are at their
> lowest ever. That must have something to do with blacks' heavy
> support of Clinton during the impeachment, and their 90% support for
> Gore.
>
> Doug

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu