Closing the income gap between Whites and minorities, would boost earnings by 12 percent, an economic windfall of $1 trillion, for a nation burdened by debt and an anemic job market, according to a recent study by the W.K. Kellogg Foundation and the Altarum Institute.
The study titled, “The Business Case for Racial Equity” looks at the legacy of racism in the United States and how addressing racial disparities would have a significant impact on the American economy.
The study looked at a number of racial disparities that have plagued Blacks and other minorities, including health, housing, employment, income and wealth.
“There is a tendency to frame the disparities and the gaps as a burden to the nation seldom do we frame it as a business case,” said Gail Christopher, vice president of program strategy for the W.K. Kellogg Foundation.
“We wouldn’t be having these deficit conversations, if we put our energy into making economic viability an option for people of color.”
The shifting demographics of the American population make the argument for racial equity even more compelling.
The U.S. Census Bureau estimates that racial and ethnic minorities will account for more than 50 percent of the United States population by 2043.
Minority births in the United States exceeded White births for the first time in 2012. Minority babies today will become the workforce of tomorrow, making critical contributions to entitlement programs largely enjoyed by a graying White population.
[so, the racism will get worse. Racism/white supremacy is all about white genetic survival. white people practice racism to survive.]