EUROPEAN RACISM: "The Business Case For Racial Equity" And Why Black People Are Getting Screwed Out Of ONE TRILLION DOLLARS - Chart Shows The Economic Stupidity Of Racial Discrimination!
November 02, 2013 - UNITED STATES - You shouldn’t need more evidence that racial inequities permeate every aspect of American society, but we’re going to give you one more piece anyway: The enormous earnings gap between white men and everyone else. This is what the result of hundreds of years of economic inequality looks like, in chart form:
The above chart comes via “The Business Case For Racial Equity,” a recent report by the Altarum Institute and funded by the W.K. Kellogg Foundation. The contributors found that if the average income of minorities matched that of whites, total U.S. earnings would rise by nearly $1 trillion, or 12 percent.
To read the report in its entirety, visit www.wkkf.org.
Closing that gap would also benefit the economy as a whole. GDP would be 16 percent higher in 2030 if minorities made as much as whites, and 20 percent higher in 2050.
Mind the gap. - Huffington Post.
The above chart comes via “The Business Case For Racial Equity,” a recent report by the Altarum Institute and funded by the W.K. Kellogg Foundation. The contributors found that if the average income of minorities matched that of whites, total U.S. earnings would rise by nearly $1 trillion, or 12 percent.
Today Altarum Institute and the W.K. Kellogg Foundation (WKKF) released a report detailing the economic impact of racism, and the benefits of advancing racial equity as the demography of our nation continues to evolve. As businesses, policy makers and thought leaders attempt to track, analyze and ultimately manage the impact of the U.S. shift from a white majority to a minority majority, the availability of data on the progress and pain points within health, education and crime and justice will be even more important. The brief draws research from a range of sources including the Center for American Progress, National Urban League Policy Institute, Joint Center for Political and Economic Studies and the U.S. Department of Justice, weaving statistics together to tell the broader story of race in America and its costs – including an expensive incarceration system and a massive loss of productivity.
“We are excited about being able to gather data from a range of issue areas to paint a picture of the economic impact of racial inequity,” said Ani Turner, deputy director of the Center for Sustainable Health Spending at Altarum Institute. “Our hope is to bring another lens to the urgency of addressing disparities that are not only putting vulnerable children at a disadvantage, but are also costing our nation a great deal. When disparities in health alone are costing the U.S. $82 billion per year in excess medical costs and lost productivity, the message is clear: our future depends on racial equity.”
The brief was funded through WKKF’s America Healing effort, launched in 2010 to support programs that promote racial healing and address racial inequity. The program works with hundreds of organizations in communities across the country in an effort to build an understanding of how racial injustices of the past create inequities for today’s children. Throughout its more than 80-year history, WKKF has supported communities seeking to create conditions that improve the life outcomes of vulnerable children.
In a note introducing the report, Dr. Gail Christopher, WKKF vice president-program strategy said, “The data and comprehensive analysis outlined in [this report] demonstrate how race, class, residential segregation and income levels all work together to hamper access to opportunity. With these proof points in hand, our partners across the country voice their concerns for vulnerable children and families – to find support needed to advance racial healing and racial equity.”
“The Business Case for Racial Equity” lays out the potential benefits to business, government and the economy of addressing racial inequities, pointing out specific areas of opportunity in housing, education, health and crime and justice. The document outlines the history of discriminatory policies across these areas and the disparities they created, going on to estimate the potential benefits of seizing opportunities to promote equality, including an increase of almost $2 trillion in minority purchasing power and millions of job opportunities for college graduates. - WKKF.
To read the report in its entirety, visit www.wkkf.org.
Closing that gap would also benefit the economy as a whole. GDP would be 16 percent higher in 2030 if minorities made as much as whites, and 20 percent higher in 2050.
Mind the gap. - Huffington Post.
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