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Chart of the Day
Posted at 1:30 p.m. on Nov. 7, 2013
— Derek Thompson the average weekly earnings for full-time workers by race, showing that white men and women earn more than black men and women who earn more than Hispanic men and women.
“The numbers reveal a workforce stratified, if not calcified, by race, with whites seeing higher wages and lower unemployment, while blacks and Hispanics constantly stuck behind them… the labor economy isn’t merely stratified at the macro level. It’s stratified at the job-by-job level. Different races and ethnicities cluster in different sectors.”
“Blacks and Hispanics, who make up about one-quarter of the workforce, represent 44 percent of the country’s high school dropouts and just 15 percent of its bachelor’s earners. Until we can close the difference between those numbers, it’s unlikely that the workforce’s unyielding racial stratification will improve.”