A new study focusing on job displacements between 1989 and 2019 found that, on average, Black workers are 67 percent more likely to be displaced than their white peers. jobs
Research by the nonprofit Brookings Institution further revealed that workers without a bachelor’s degree are also 67 percent more likely to be displaced than those with a bachelor’s degree.
The initial impact on employment was largest for women, Black workers, Latino workers, and less-educated workers. “Given the millions of workers displaced during the COVID-19 recession and the high-income inequality in the United States, it is important to understand the role that job displacement may play in driving inequalities across demographic and socioeconomic groups.”“In this [study], we use the Panel Study of Income Dynamics to measure the frequency and earnings impact of job displacements by race, education, and parental income level.
“In the year following a displacement, workers without a bachelor’s degree experience a roughly 600-hour decrease in annual hours worked, while those with a bachelor’s degree see a 1,000-hour decline,” the researchers wrote. Researchers said the report establishes three crucial facts about job displacements in the United States over the last 30 years.
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