Black Americans earn just $57.30 for every $100 in income earned by white families, according to the Census Bureau's Current Population Survey.
Changes in sentencing law and policy, not changes in crime rates, explain most of the increase that has led the United States to being the world’s leader in incarceration.
The racial wealth gap has gotten worse with time and as Merck chairman and CEO Ken Frazier said: “This crisis has been brewing for hundreds of years, and we’re going to have to really step up to it.” Frazier is one of only four black CEOs of Fortune 500 companies.
Investing in engaged employees and an inclusive work culture pays off for large corporations even in the midst of the Covid-19 pandemic. The implementation of a diverse culture can help to create an agile work environment with less anxiety for employees.
Gaps in wealth between Black and white households reveal the effects of accumulated inequality and discrimination, as well as differences in power and opportunity that can be traced back to this nation’s inception. History matters for contemporary inequality in part because its legacy is passed down generation-to-generation.