The unemployment rate has decreased in the last few months. But, the decrease has been unequal, and it’s been much smaller for Black people.
Discrimination and educational inequality result in economic inequality. But, they also cause something harder to see — Black men missing from society.
How is it possible for the racial education gap to close without any closing of the wage gap? Skill-biased Technological Change is how.
As the murder of George Floyd highlights, it’s 2020 and we still haven’t made progress towards racial equality.
The unemployment report from April highlights just how severe this crisis is. The report also illustrates just how unequal it is.
Black and Hispanic workers have always made less and been less healthy than white workers. The Coronavirus isn’t helping.
The racial income gap is bad. The racial retirement gap is much, much worse. And the only thing that saves the day is Social Security.
Over the last forty years, one expects racial inequality in income to have lessened. It has not.