An important read for anyone with an interest in social justice in the U.S. Some facts that stood out …
- A black man born to parents at the median income would expect to end up lower on the income ladder than his parents, while a white man born to parents of median income would not. This is important, because it abstracts from dependency on how well-off one’s parents are.
- Among children with parents earning at the 25th percentile, black boys had lower incomes in adulthood than white boys in 99% of neighborhoods
https://www.economist.com/blogs/democracyinamerica/2018/04/broken-ladder