Monday, December 23, 2019

Racial Inequality And Gender Inequality - 1468 Words

All people need to work for a living, but some may have it easier than others. Racial inequality, specifically relating to minorities and white individuals is a current issue that needs addressing. It is sad to say, but Hispanics and blacks make significantly less money than their white counterparts. In 2012, whites were making an average of $51,017, blacks and Hispanic respectively making $39,005 and $33,321.1 Currently, the rankings of average wage earned by race is as follows, Asian Americans, white Americans, Latin Americans, African Americans and finally Native Americans. We like to believe that such a thing does not exist as our past dealing with inequality has left a permanent scar on us, just saying something racially offensive may†¦show more content†¦They also agreed that obtaining a higher education could fix the problem.3 Lawrence Katz, a Harvard Economist states â€Å"even if the gains of the top one percent were distributed to the lower 99 percent, household i ncome would increase by less than half of what could be earned if everyone obtained a college degree†. Yes, schooling does have a direct relation to the amount you earn, some people get tempted with the thought of making money at a young age, hence they drop out of school. A study done in 1950, compared a number of years of schooling total and the median percent of income earned. There were 4 categories; 1-4 years of school, 8 years of school, high school graduate, and college graduate. They were also separated by age group and the average income of those within the group, the peak being men ages 35-44. Within this group, the average income was $3,085. The ones with 1-4 years of schooling only averaged 50.6% of this, while college graduates earned an estimated 166.7% of the average income for the age group.4 With more education, many individuals could make more money, which would lessen the economic inequality we are facing between races. The relationship between the amount of schooling and the income earned by each race is also amazing. In 2014, a study proves that even with the equivalent schooling between different races, the average income is noticeably different. There is not much difference between incomes of people thatShow MoreRelatedRacial Inequality And Gender Inequality889 Words   |  4 PagesIn today s world discrimination is a racial inequality when it come to different races in the United states. 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