AMERICAN BLACK WOMEN AND THEIR CAREER CAPITAL
American Black women are seeking success within their careers. Despite their desire and efforts expended to be successful, American Black women are not progressing to the highest level of leadership within organizations where they are employed. In higher education, only 2.2% of tenured faculty members are American Black women (Thomas & Hollenshead, 2001).
Within corporations, the number is less than 1%. Attaining an understanding of why these numbers are so dismal and providing a profile of some American Black women leaders in Fortune 500 and non-Fortune 500 organizations can provide support towards developing a method for improvement. Some American Black women have often been happy to have a job and may have never thought to develop a career. Understanding the difference is vital to their success and advancement within and towards higher leadership positions. A fundamental understanding of career capital and how to leverage that capital can only be an asset as American Black women progress on their individual career journeys (Hughes, 2014).
The website 24/7 Wall Street listed Minnesota as the second-most unequal state in the country behind Wisconsin. These disparities are in employment, housing, and economic development as in home ownership!
Other highlights:
• Median household income for black families was $30,306. For whites, it’s $66,979.
• White unemployment rate is 3 percent. For black people, it’s almost three times that.
• The home ownership for black people is 21.7 percent. For whites, it’s 76 percent.
The only state doing worse than us: Wisconsin. Rounding out the top five were Iowa, South Dakota and Illinois. The Midwest has work to do and it’s time to “Take Action”!
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