http://economix.blogs.nytimes.com/2010/09/16/the-black-white-pay-gap/
This blog compiles the thoughts of UCLA undergraduates on the connections between economic history and current events. All contributors to this blog are enrolled in Ec183, The Development of Economic Institutions in the United States. The premise of this course is the history matters. The careful application of economic theory and quantitative reasoning can help us understand the past.
Wednesday, November 30, 2011
Black-White Wage Gap
This article talks about the inequality in wage between Black and White. Black white wage gap does not improve much since 1970. In late 20 century, the median black household was earning 59.6 percent as much as the median white household. Nowadays, the median black household was earning 59.8 percent which is 2 percent more comparing to the late 20 century. The reason why Black earning less than White because they are working less hours than White due to their own family condition or other circumstances. Therefore, the government should deal with this problem seriously, and try to narrow the gap between black and white.
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