The wage gap between blacks and whites is the worst it’s been in nearly four decades, according to a new report from the Economic Policy Institute.
Last year, the hourly pay gap between blacks and whites widened to 26.7%, with whites making an average of $25.22 an hour compared to $18.49 for blacks, the EPI found. Almost 40 years ago, in 1979, the wage gap between blacks and whites was 18.1%, with whites earning an inflation-adjusted average of $19.62 an hour and blacks earning $16.07 an hour.
“Race is not a skill or characteristic that should have any market value as it relates to your wages, but it does,” said Valerie Wilson, the director of the program on Race, Ethnicity and the Economy at the EPI and a co-author of the report. (CNN)