ECONOMIC GROWTH V. AFFIRMATIVE ACTION
October 4, 1995
The most effective affirmative action policy the government can deliver is to provide incentives for growth in the private sector. Discrimination shrinks in a full-employment economy.
- The real median income of black families increased 17% during the Reagan economic expansion, after falling 10% during the Carter Administration.
- By the end of the 1980s, female entrepreneurs employed more workers than all of the Fortune 500 companies combined.
- The unprecedented 91 months of growth during the 1980s produced 16 million new jobs, pulled four million people out of poverty, increased women's earnings 8% faster than men's, and doubled the number of black families earning more than $50,000.
- Between 1983 and 1989, real wealth among white families rose 24% - but it increased 35% for blacks and 54% for Hispanics.
Source: Ralph Reiland (Robert Morris College), "Economic Force of Upward Mobility," Washington Times, October 4, 1995.
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