ShanaSpeaks-->What's She Saying Now?!

Tuesday, August 11, 2009

Economists Predict Recession Ending by 3rd Quarter, but What Does That Have to Do With You?

As economists happily reassure us that the recession will start ending by the third quarter of this year, I would like to remind everyone--especially people of color-- that economists aren't necessarily talking about you. They are referring to numbers and their textbook logic, not necessarily real people with real problems that have lasting effects [No disrespect to economists, but I have point here]. So while the unemployment rates are slowing, be aware that it is still expected to peak (at 10%) in the first half of 2010 and that these rates are higher for 1/3 of the population, better known as "minorities" (I don't care for the term). Not to mention the thousands of newly unemployed Americans--regardless of color--who lack the standard degrees and computer skills (Baby Boomer generation), who still have to actually seek jobs in a totally different work force than back in the 70's and 80's.

This is not a pity party, but just a reminder that mediocrity just won't cut it, especially for us.


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