The journey towards racial equity in the labor market has been long and complex, with the civil rights movement of the 1960s marking a pivotal moment of promise for greater equity. This era ushered in significant legislative reforms aimed at dismantling the institutional barriers that had long perpetuated racial disparities in the United States. Among these were crucial pieces of civil rights legislation which aimed to reduce
How similar is the chart for "median real wages by race" versus employing mean?
Nearly identical.
Very interesting, I wonder how racial equity will look in a slack labor market? Would we see an opposite trend?