No, really Black Lives Matter. We are an asset to the United States of America. One may argue that Black Lives “do not” matter, but once you take a look at the statistics they matter. According to The State of the African-American Consumer Report written in 2011, African-Americans’ buying power was predicted to reach $1.1 trillion by 2015.
There are many corporations who love us. Rather our monies with us holding it. We have approximately 16 days until Black Friday.
Many say that the term “Black Friday” originated from Blacks being sold during slavery the day after Thanksgiving. I am not sure about that because Slaves were sold all of the time. The term “Black Friday” was coined in the 1960s to mark the kickoff to the Christmas shopping season. “Black” refers to stores moving from the “red” to the “black,” back when accounting records were kept by hand, and red ink indicated a loss, and black a profit.
Please note that African-Americans make more shopping trips than all other groups, but spend less money per trip. African-Americans in higher income brackets, also spend 300% more in higher-end retail grocers more than any other high income household.
At the time of Dr. Martin Luther King Jr.s’ death he delivered a powerful speech about economic sanctions. He also talked about redistributing the pain. The pain is in their pockets. Something that the students portrayed on Saturday at the University of Missouri. The football team said, “We will boycott all football-related activities until the university system president Tim Wolfe resigned or was fired because of ignoring institutional racism.” Two days later, Wolfe stepped down. Why? One main reason is because College sports have now become a massive media conglomerate designed to earn networks cash and get donors to give huge sums of money to universities.
Here is how Black Lives Matter. The team’s joined forces with the Concerned Students 1950. They stated that Tim Wolfe ignored there demands to address the institutional racism on campus. The football team “majority Black” backed the Concerned Students 1950. They announced the protest which threatened immediate economic damage to the university. According to data compiled by USA Today, Missouri’s athletic program generated $83.7 million in revenue last year, on $80.2 million in cost — a net of $3.5 million in profit.
How much do Black Lives Matter?