Question

what is the relation between the economic inequality and racism?

Answer 1

It is a prevalent concept that income inequality and racism are connected. Marxists argue that racism is an instrument used by capitalist oppressors to divide the working class. The more unequal the income in a state, the more probable it is to convey racial bias by an person from that state. The impact is low, although the writers point out that it may be sufficient to push someone over the edge to express prejudiced views from being prone to racism.

Despite the Civil Rights Movement's gains, obstacles still exist in schooling, jobs, and housing, all contributing to racial financial inequality. For indigenous Americans, colonial and later U.S. policies resulted to land loss, self-governance limitations, and financial devastation that left a legacy of low academic achievement and unemployment rates that remain among the country's lowest.
Race and ethnic income gaps have only slightly reduced in the last few decades. Low-income African Americans, for instance, produced 47% as much as low-income whites in 1970 and 54% as white counterparts in 2016.Hispanics of all income categories actually fell further behind during this same period.

The threshold for entry into the top 10 percent is an indicator of racial disparities at the top of the U.S. income scale. White households need to have an annual revenue of at least $117,986 nearly twice as high as the limit for Black households to make it into this level of earners in their racial group. Racial discrimination in many forms, including in education, hiring, and pay practices, contributes to persistent earnings gaps

Although the official U.S. unemployment rate has dropped considerably since the Great Recession, the gap between Black and White job-seekers has grown.Within ethnic organizations, the biggest pay gaps between males and females occur among Whites and Asians — not because Latinas and Black females have made quicker strides toward equity, but because the median pay for males in these communities drops far below White and Asian men's compensation.