by William Reed
There are 154.7 million women and 150.6 million men in the United States. In 2007, 59 percent, or 71 million women, participated in the work force. Thirty-eight percent of women 16 or older worked in management, professional and related occupations.
In 2007, 64 percent of African American women worked outside their homes. The median annual earnings of women 16 or older were $34,278. However, women earned 77.5 cents for every $1 earned by men. African American women earned 67 cents on that dollar.
Women working in higher occupational groups, such as in computer and mathematical jobs, earned $61,957 annually. In the installation, maintenance and repair occupations and community and social services, women’s earnings were 90 percent or more of men’s earnings.
Black women who worked in service, semiskilled and unskilled occupations reported significantly more institutional discrimination, but not more interpersonal prejudice, than did women in professional, managerial and technical occupations or those in sales and clerical occupations.
Nearly 7 million women-owned businesses generated almost $1 trillion in revenue in 2002. More than 7.1 million people were employed by women-owned businesses. Over 7,000 women-owned businesses employed 100 people or more.
In 2002, over 400,000 African-American women-owned businesses that generated $25 billion in sales and 261,000 jobs.
Nearly one in three women-owned businesses operated in health care and social assistance and other areas such as personal services, repair and maintenance. Women owned 72 percent of social assistance businesses and just over half of nursing and residential care facilities. Wholesale and retail trade accounted for 38 percent of women-owned business revenue.
Blacks are far less likely than whites to succeed in business. Blacks make up 12 percent of the population but own 4 percent of new businesses as compared whites, who are 75 percent of the population and 85 percent of business owners. Black households on average have just one-tenth of the wealth of whites and lack financial support for new ventures.
Household wealth is the most important factor in Blacks’ empowerment. In 2007, the median annual household income was $50,233. The real median earnings of women were $35,102. The 2007 median earnings of Black men were $36,068 and $31,009 for Black women.
There were 8.5 million Black family households. Among African Americans, 45 percent of women are the heads of households. It makes sense that many seek marriage. Married people not only make more money, they manage money better and build more wealth.
The married-with-children demographic is an especially advantaged group financially. They are disproportionately represented in the top economic tiers and their income has grown faster than that of average households.
African-Americans are the most unpartnered group in America. Fifty-four percent of African Americans have never married.
For Black women March celebrations of the successes enjoyed by women is in sharp contrast to the dismal experience of the race. While some Blacks have achieved success, discrimination remains a real issue for Blacks and women in the workplace.
For today’s Black women the key issues are problems of reconciling the demands of children and family with those of the workplace. For both sexes of Blacks, racism remains a key factor in their economic woes.
The persistent and growing poverty among African Americans is attributable to racist policies over past generations. It is good to chronicle evolving progress of Black women, but we should not ignore the overall economic state of Blacks.
The importance of family values is the issue Black women have to get males in their lives to understand. Blacks need family cohesion. Children growing up in one-parent families are four times as likely to be poor than those in two-parent households. Forty-five percent of Black children live in poverty and 62 percent are born out of wedlock.