Wage gap between blacks and whites is worst in nearly 40 years

This is life on $ 7.50 an hour

The wage gap between blacks and whites is the worst it’s been in nearly four decades, according to a new report from the Economic Policy Institute.

Last year, the hourly pay gap between blacks and whites widened to 26.7%, with whites making an average of $ 25.22 an hour compared to $ 18.49 for blacks, the EPI found. Almost 40 years ago, in 1979, the wage gap between blacks and whites was 18.1%, with whites earning an inflation-adjusted average of $ 19.62 an hour and blacks earning $ 16.07 an hour.

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Economic news – CNNMoney.com

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