Job losses in an afflicted economy slow business for many black retailers
By Gregory Lewis | South Florida Sun-Sentinel
May 24, 2009
The signs of the recession in black communities go beyond layoffs and lines at unemployment offices.
There's no waiting for tables during the lunch hour rush at popular diners such as Betty's Soul Food Restaurant off Sistrunk Boulevard in Fort Lauderdale and Donnie's Place in the revitalized black business district of Delray Beach. Barbers chairs in Cut 'N' Corners in Miramar and in Delray Beach's Top Notch Beauty, Spa & Suites go empty as regular customers wait an extra week to get their hair done. The Book Lover's Lounge in Lauderhill has closed, forcing owner Kesha Davis to hawk her wares at community events. As the saying goes: When white businesses catch a cold, black businesses get pneumonia.
"This recession is like a hurricane," said Mark Vitner, Wachovia Corp. economist. "It has cut a wide swatch. It's difficult for all, but in the African-American community unemployment tends to be higher."
In fact, while nearly 9 percent of all Americans are out of work, the rate for black adult men and women is more than 6 percentage points higher at 15 percent.
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Well it seems to me that we in Malaysia are suffering from high inflation and boom in our economy, we have to import in foreign labour for undesirable jobs that none of our citizens wants to work at. China, Indonesia and Singapore are also booming, an example would be a dessert I bought a month ago was $ 1.20 in local currency and currently is selling at $ 1.80 which shows high inflation... The job market is also good with 2 jobs available for 1 worker, leading to high wage growth, hence we have to import in labour. We found out after March 2009 that we were not going to go into a Recession, imagine our surprise when we were told we were going to go into a Recession, we suspect we were saved by China's boom and growth ! There is plenty of money as we can job hop to a higher salary, money made must be spent fast on luxury items as inflation is high. I feel that Americans are as lazy as pigs as they are not willing to work hard for money, after all money is easily available everywhere nowadays !
ReplyDeleteare you trying to attract bad Karma to your fucking Malaysia or what ...? i do not get it ...nobody is going to immigrate there for a job anyways except may be some Philipinoes...
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