The typical Black American family is virtually no closer to equal income and wealth with its White peers than it was 50 years ago, when Civil Rights-era reforms were enacted to expand opportunity and limit outright racial discrimination.
Like the protests in the 1960s, the recent waves of rallies following Black Americans' deaths at the hands of police have renewed attention to the long-standing racial divide in the US."Over the last half century, I would say that for many indicators, things have stagnated," said Ellora Derenoncourt, assistant professor of economics and public policy at University of California, Berkeley."The wealth gap, the income gap, the earnings gap.
By 2019, the average earnings ratio between Black and White Americans had fallen back to where it was in the 1970s for both men and women, according to an analysis by Samuel Myers, Jr., director of the Roy Wilkins Center for Human Relations and Social Justice at the University of Minnesota."We have failed to change the mechanisms by which we reproduce wealth, by which we reproduce skills, by which we reproduce market outcomes," Myers said."And it's race related.
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