Racial inequities cost U.S. economy trillions, researchers find

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작성자 Shari Christens… 댓글 0건 조회 3회 작성일 24-09-14 22:18

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Daly and her co-authors calculated what the gains to GDP would be if those and other race-based gaps were erased: if Black and antonym of keen Hispanic men and women held jobs at the same rates as whites, if they completed college at the same rates as whites, and if they earned the same as whites.

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The paper was written with Shelby Buckman, a graduate student at Stanford University, Boston University post-grad Lily Seitelman, and San Francisco Fed vice president of community development Laura Choi.

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From labor alone, they figured, the gains would add up to $22.9 trillion over the thirty years from 1990 to 2019, with bigger gains in more recent years as the share of non-white populations has increased while the gaps have remained fairly steady.

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Sept 8 (Reuters) - Racial and ethnic inequities have cost the U.S.
economy some $51 trillion in lost output since 1990, San Francisco Federal Reserve President Mary Daly said Wednesday, citing data from a paper she and three co-authors will present at The Brookings Institution.

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Large and persistent gaps in rates of employment, education, and earnings across races "add up to a smaller economic pie for the nation as a whole," Daly said in a briefing ahead of the paper's release Thursday.

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