Economy has changed technological revolution, the automation of work, global economy. They practice endogamy and have accumulated much power, privilege, and prestige. They have made their money in this generation. Conclusions Rags to riches stories simply do not happen. For every dollar in wealth owned by a white household, African Americans own 18 cents and Latin Americans own 15 cents.
Black elite is just like the upper class White people.
African-American s children go to school in prep schools and join exclusive clubs. Unequal rewards necessary to motivate people to play vital roles. Society creates inequality. Information contained on this page does not represent the lecture verbatim. These notes are not a substitute for class attendance.