You’ve heard of the racial wealth gap, the racial employment gap, and surely also about racial job callback disparities. Today, the Bureau of Labor Statistics offers an updated look at another dynamic of our racialized economy: the racial income gap.
As in: In 2014, while white workers 25 years or older with at least an undergrad degree took home median earnings of $1,219 per week, similarly aged and educated Latino workers made $1,007, and Asian workers made $1,328 per week. Black workers with at least a college degree, meanwhile, posted median earnings of $970 per week.
The racial income gap is so pronounced that black workers with an advanced degree made $1,149–roughly the same as white workers who had only a bachelor’s degree ($1,132).
For more on what this kind of economic inequality means for the country, read Kai Wright’s in-depth look at young black men’s struggle for employment. As Wright wrote last June, “This is an inequity that grows from tangled roots–historic labor market discrimination, ongoing residential segregation, stubborn racial biases among employers. But it’s also one with consequences that stretch out beyond the men themselves, and that will linger long past today’s troubled economy.”
(h/t Catherine Rampell)