Study: Wealthy Black Men Will Earn Less Than White men of Same Status
The New Times released a report on Monday that was based on extensive research. The research, which was conducted by researchers at Stanford, Harvard, and the Census Bureau, is based on anonymous demographic and earning data for almost every American born between 1978 and 1983. Over 20 million American's information, sans full names and addresses, was used in the study.
The study shows that white men raised in wealthy families were likely to remain wealthy, while black men raised in the same conditions were more likely to become poor, or fall in status. The study holds true for 99 percent of America.
The study also reveals that although black women face racism, and sexism as well, they are likely to earn just as much or more than white women that were raised under the same conditions. This fact proves that the wage inequality gap almost exclusively affects black men.
The study dispels arguments that black men who are raised outside of poverty fair a better chance in the workplace. The research goes in depth, revealing that black men are targeted by racism, which leads to issues with income.
For example, the study reveals that black men raised in the top 1 percent were just as likely to be incarcerated as white men raised in households earning about $36,000. That means rich black men, like Jay-Z for example, are just as likely to be locked up as your middle-aged white neighbor. White men in the top 1 percent hardly have an incarceration rate at all though.
The study also shows that black boys with both parents in the household still fare much worse than white boys in the same situation. Although black boys do much better when a father or father figure is present, they still fall significantly lower on the success scale than white boys. In conclusion, in America, "The worst places for poor white children are almost all better than the best places for poor black children."
Source: nytimes.com
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