å Wednesday, November 30th, 2016

Due Sunday, December 4th, by midnight. Word count: 400 words. Please make sure everything is in your own words. If you paraphrase, make sure to include the proper citation.

In her essay, “Strategic Instantiations of Gendering,” Saskia Sassen (2003:1) argues “[t]oday’s dominant account about economic globalization in media and policy, as well as in much economic analysis, emphasizes hybermobility, global communications, [and] the neutralization of place and distance.” Drawing on details from her work, explain what Sassen believes is missing from these account of our global economy that focus on “information outputs”?

In the report “The Roots of the Widening Racial Wealth Gap,” Thomas Shapiro, Tatjana Meschede, and Sam Osoro (2013) they gave factors that fueled the racial wealth gap in the U.S. the factors are: home ownership, Income and Employment, Inheritance and College Education

They talked about how home ownership is the biggest driver of radical wealth gap between white homeowners and black owners. Growing up everyone’s dream is to get married and live in a house with the white picket fence. But due to limitations like residential segregation set by the government that is harder to achieve if you are African American families.

There’s a huge gap when it comes to income between blacks and whites due to hiring discriminations, training and promotions because if you have no training you can’t get the job then you can’t get a promotion if no one will hire you right. Because your name is Shanquisha and not Becky. Not having a great job leave people of color at a lower rate financially. Their jobs don’t provide retirement plans and sometime benefit so it leaves little room for savings or any kind of investment. Most people are only able to live from check to check. The article mentioned that wealth for African Americans is     needed to cover emergency savings while wealth in white families is well beyond the emergency and can be saved or invested more readily (Shapiro5).

When it comes to inheritance for African American chances are that there is none because you come from a struggling family and there is nothing to inherit but debt. But Shapiro mentioned that most Americans inherit very little or no money, but among the families followed for 25 years’ whites were five times more likely to inherit than African-Americans 36 percent to 7 percent (Shapiro5). In the study they found that whites receive inheritance ten times more than African Americans.

The homeownership and inheritance play apart in why there’s an education gap because if u live in an area that is segregated with low incomes then it’s already working against children. They can’t afford to go to private school so they must settle for public schools. It also cost to go to college so most people have to work instead of going to college or have to work and go to go to college in order to avoid debt which most of us is doing at this time.

I agree with their finding I feel like as an African American the cards are stacked against us when you look at only a handful of people can say they don’t know what struggle is and when you look into it trying to achieve the goal of owning an home, being financially stable and acquiring an education so you can be set for life with a little saving in the bank chances are it will take life time to achieving it due to the way life is set up. We see it every day where there is a different set of requirements and rules set for us where you can force an African American to turn over his birth certificate to prove he was born here to be the president but you do not have to make your taxes public in order to become the president if your white.