HR Technology

Research finds racial disparities in pay widening. Wage gaps between the races have widened in the last 10 years, according to a report from The Conference Board. The disparity shows up even when examining workers of otherwise comparable backgrounds and qualifications. In 2010, researchers found black men with a bachelor's degree or higher earned 18% less than white men. By 2019, the gap had grown to 24%, driven by underrepresentation of black workers in high-paying industries and occupations. The report, "Mind the Gap: Factors Driving Racial Wage Gaps and the Solutions to Close Them," identifies several factors that are leading to growing racial wage gaps. The report says that if trends of the last decade continue, wage gaps will grow as black workers are severely underrepresented in fields and job markets likely to see the fastest growth in high-paying jobs. Read More...