There was a study, "The Racial Wage Gap: Why Policy Matters" by Demos.
I was replying to your "challenge" as posted, which was one particular article. If you want to change the subject, we're starting over.
Redlining was outlawed 50 years ago.
The redlining of the past significantly reduced the house equity of black people today - the primary store of wealth in the bottom 2/3 of the economy.
Just as the well-documented racial discrimination of the present will affect the future for many, many years to come.
Yes, it isn't logical. You don't "steer" people into neighborhoods.
Banks do that frequently in the US, based on race. So do rental agencies, etc.
So do neighborhood pressure groups - some of them via terroristic threat.
You can tell them they are being illogical until you are blue in the face - racial bigots are not amenable to logic.
The differences in income and wealth were much closer together in the 60's and diverged after the 80's. Yes, you can put in your Reagan rant here but it doesn't point to racism if the divergence started largely in the 80's.
Apparently you want to ignore this entire "challenge" charade you set up.
Many of Reagan's policies "pointed" directly and consciously to racism, btw. The amplification of the effects of past racism (such as making school quality and college access more dependent on housing equity than it had been) was not even unconscious in its racial significance - the policy makers knew what they were doing.
Part of the accusation is that black customers were given higher cost loans and part of the accusation is that black customers were given loans that they didn't actually qualify for and were risky for that reason.
A larger part of the accusation was that they were steered into both higher cost loans and higher cost houses (in various ways) than they would have been had they been white.
That has always been true in the US, of course - the deregulation of the banks and lax enforcement of remaining regulations merely amplified the effects of a still existent, still damaging, and still common feature of American life.
Another argument is that blacks who go to college earn less than whites who go to college.
None of that was in the form of an argument. The article presented no arguments, as I noted above.
Blacks have more student loan debt than whites. I don't recall whether it was this study or another that I recently looked at but the difference was 3,000.That′s3,000.That′s3,000. That's 14,000 vs $11,000. That's not significant when talking about a "16 times" wealth gap
If you want to set up a different challenge, based on some other article, feel free.
A part-time job on the weekends for a month would erase that "gap".
1) They already have jobs, on top of the loans - they don't have time for another one, and school as well.
2) Very few "part time job on the weekends" pay even one thousand dollars a month takehome - let alone 3000. You aren't paying much attention to reality in general, but that was kind of silly.
The "16 time" gap also goes way down when you look at the median rather than the average.
Again: new challenge, start over.
(It goes to about 11/1, btw -
https://www.thebalance.com/racial-wealth-gap-in-united-states-4169678 you sure you want to posit that as evidence of racial equality?)
As noted, the major flaw there in that article is the use of household wealth rather than individual. That hides the true size of the gap, which is larger than 16/1.
It's not racism that houses in some black areas are worth less than in some white areas. That's not racism.
It is largely a consequence of racism, in point of fact. But that's all irrelevant - Again: this whole challenge thing was your setup, not mine. If you want to talk about something other than that article, start over.
Yes, per the article it does. That's my point, it isn't logical or factual.
What, exactly, is not logical or factual about a simple description of a situation that anyone can see in front of them?
No, of course not but it does indicated that black households aren't being discriminated against regarding this category.
No, it doesn't. It documents the fact that they are still significantly affected by past discrimination, not that they are immune from present discrimination.
The default assumption would be that present discrimination will have significant effects on the future. Anything else faces a large burden of proof.
- - - -
If you turn off the TV and don't follow the media (any media) does politics affect your life, regardless of who wins any election?
Uh, duh? You do realize that AGW, Covid, degraded water and air, diseases and other bad stuff in food, and being sent to war, affect people whether they follow "the media" or not, yes? You aren't going to go Schmelzer on us and claim that what you don't know about doesn't affect you, I hope.
An extra 70,000 Americans have died this year due to the specifically Republican response to Covid19, for example. I don't know whether they "followed the media" or not - does watching the Hallmark Channel count?