The wage gap between Black and White workers is nothing new, but data compiled by the Federal Reserve Bank of St. Louis shows just how stubbornly it’s stuck around.
White workers made an average $60,692 per year in 2020 (measured in inflation-adjusted 2015 dollars) compared with just $44,098 for their Black counterparts, according to the most recent available data comparing wages by race. Wages have fluctuated over the years, but overall the gap has remained remarkably consistent, as this chart shows.
The gulf between pay for Black and White workers is one factor contributing to wealth inequality faced by Black Americans, St. Louis Fed researchers wrote in a blog post this week highlighting the data.
“This inequality persists across time, generations, and education levels,” they wrote.
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