A graduate’s mortar board hat is pictured during a commencement for Medgar Evers College in the Brooklyn borough of New York City in 2017.
Black workers in the United States continue to earn less than their white counterparts even as American companies are raising diversity and inclusion as a cornerstone of their brands and business strategies, according to a recently published report.
The Conference Board report attributed the wage gaps to a range of factors, including geographical segregation and labor market segmentation, as well as different access to educational opportunities, social and professional networks.
“As Americans mark Juneteenth, business leaders and policymakers alike must recognize the recent trends in racial disparities in the 21st century economy,” said Gad Levanon, labor markets vice president at The Conference Board in Washington. “Reversing these trends will require addressing deeply rooted labor market segmentation and geographical segregation in restricting access to high-growth fields.”
Juneteenth is a holiday celebrated on June 19 commemorating the end of the legal enslavement of Black Americans. On Thursday, it became the 11th federally recognized holiday.
According to The Conference Board, Black men with a bachelor’s degree or higher earned 18% less than white men in…