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Tag Archives: human capital

This month I completed what the Australians call a ‘FIFO’ – a fly in, fly out visit to London. I was there to participate in a review of the ESRC-funded research centre SKOPE, based at Oxford University. The visit coincided with the funeral in London of former British Prime Minister Margaret Thatcher. Reading through the UK press obituaries, I think that a fair summary of Thatcher political life was that while she loved Britain, she loathed the British. It’s interesting that if, as many of the right-wing commentators claimed, she changed Britain for the better, her offspring now live in the US and South Africa and also flew in for the occasion.

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A recent New York Times article reports on how the long downturn of the US economy has hit the public sector hard, which, in turn, has been devastating for the black middle class. The article notes that black workers are about one third more likely than whites to be employed in the public sector. Blacks have historically been more able to find work in the public sector, as they faced more discrimination in the private sector. Overall, unemployment rates for blacks have consistently been about twice that for whites, with the black unemployment rate peaking at 16.7% last summer.

The article provides important reporting, but it is unfortunate that it only cites economists and does not address sociological contributions to understanding racial discrimination in labor markets. It notes that economists explain the persistent racial gap in terms of lower educational levels for blacks (the standard human capital refrain), along with continuing discrimination.

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