Proof that blacks fare worse during recessions
Proof that blacks fare worse during recessions
The nature of unemployment is that there is a domino affect to local neighborhoods and towns. If I lose my job, I eat out less, I go longer between haircuts and cut back on groceries. Most people spend most of their money locally. Because blacks tend to live in greater proximity to each other, high unemployment affects not only those folks who lost their job, but all those neighborhood businesses; it has a compounding effect.
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