Knowledge that Helps Small, Minority, and Women Businesses Succeed
The cause of high unemployment is not the lack of job skills, it is the lack of jobs. Almost 75% of the jobs that have not been restored are in construction, retail and manufacturing; 22% of the unemployed are black workers.
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The unemployment crisis is primarily caused by our inability to create enough job creating innovative companies. In addition, to create jobs we need to first solve the housing crisis.
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The recession hurt employment in Hispanics/Latino-owned small businesses more than it did for any other race or ethnic group; 55% of Hispanic businesses cut their work force while 29% cut it by 50% or more.
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