Black Wages Lag Despite Record-Level Economic Growth
The U.S. stock market continues its upward trajectory and the administration consistently touts the low unemployment rate for minority groups -- but, despite the president’s claims, it is leaving Black workers behind. In the past few years, Black workers have gotten smaller pay increases compared with other racial groups. The WSJ conducted an analysis of data released Tuesday by the Department of Labor and found that inflation-adjusted median weekly earnings for Black workers rose 1.6% -- $11 -- in the first quarter of 2019 compared with when the recession began in late 2007. Compare that to all U.S. workers, whose earnings rose 5.3%. And for Hispanic workers, the increase was even more substantial, up 11.8%, or $73 a week. However, of all racial groups, Hispanic workers still earn the least -- an adjusted $692 a week. Black workers earned a median wage of $711 a week and women earn less than men within all racial groups. More here.