Is wealth inequality mainly caused by discrimination?

Most Validated

Job hunters with African American-sounding names are less likely to secure a callback than those with white-sounding names.

The National Bureau of Economic Research reported that the average callback rate for job hunters with African American-sounding names is 6.7%, whereas job hunters with white-sounding names receive a rate of 10.06%. These results are uniform across different occupations.

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Less Validated

The mixed outcomes of 'name-blind' recruitment suggest racially-identifying names aren't the main factor in recruitment processes.

In Canada, a 2017 federal scheme to conceal personal information on job applications (name, citizenship, languages, religion, educational institution etc) found fewer people of colour actually made it through the first screening round than when such information was included.

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Unchallenged

Prior to the 2008 crisis, racial minorities were more likely to be given subprime loans than white people with similar credit scores.

Even after risk variables had been factored in, African-American people were 31% more likely to be given a subprime (higher-rate) loan than white people. Lending practices, which had profound negative effects on individuals' wealth, were discriminatory.

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A major cause of wealth inequality is that real wages have not grown since the 1970s.

Since the 1970s, wages haven't kept up with real GDP growth. From 1973 to 2011, the median hourly compensation grew by just 10.7%. This has limited workers' ability to increase their wealth through investing, which in turn explains why wealth inequality has grown.

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White job seekers with criminal records are 20% more likely to get a callback than black job seekers with clean records.

In the USA, 17% of white people with criminal records get a callback on their resume but only 14% of black people with no criminal record do. This suggests a strong discriminatory bias is prevalent in hiring decisions, which decisions have a knock-on effect on wealth inequality.

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