[TWITTER]https://twitter.com/GeneralGee_/status/1027216495997341696[/TWITTER]
The tweet went viral because of its baseline assumption that white Americans all have wealthy grandparents and black Americans don’t — an assumption that isn’t remotely true, of course.
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But what explains such income gaps? Usually, it’s factors other than racism. Wealth inheritance is a poor proxy for income mobility — which is the statistic we truly care about. Most Americans don’t get rich because grandma was rich; most Americans get rich because they take advantage of individual opportunities. A widely-cited study from researchers at Stanford, Harvard and the Census Bureau, which was supposed to show that inheritance was a key factor in income mobility according to members of the media, showed precisely the opposite: wealth level was not the chief cause of continuing disparity.
Furthermore, the study showed that Asian-Americans earned more than whites raised at the same income levels, and income gaps between whites and Hispanics were converging. Black women were earning more than white women conditional on parent income; the study found “little or no gap in wage rates or hours of work between black and white women.”
Also, income gaps within groups can’t be explained by racism. Household income among Asian-Americans is the highest of any racial group — but Asians in the top 10% earned 10.7 times as much as Asians in the bottom 10%, the largest wealth gap of any racial group by a significant margin. Is that because of societal racism? How about the wealth gap between black Americans? The top 10% of black Americans earned 9.8 times as much as the bottom 10%. Presumably both groups are black..
https://www.dailywire.com/news/34292/how-much-racial-economic-gap-result-racism-ben-shapiro
The tweet went viral because of its baseline assumption that white Americans all have wealthy grandparents and black Americans don’t — an assumption that isn’t remotely true, of course.
[clip]
But what explains such income gaps? Usually, it’s factors other than racism. Wealth inheritance is a poor proxy for income mobility — which is the statistic we truly care about. Most Americans don’t get rich because grandma was rich; most Americans get rich because they take advantage of individual opportunities. A widely-cited study from researchers at Stanford, Harvard and the Census Bureau, which was supposed to show that inheritance was a key factor in income mobility according to members of the media, showed precisely the opposite: wealth level was not the chief cause of continuing disparity.
Furthermore, the study showed that Asian-Americans earned more than whites raised at the same income levels, and income gaps between whites and Hispanics were converging. Black women were earning more than white women conditional on parent income; the study found “little or no gap in wage rates or hours of work between black and white women.”
Also, income gaps within groups can’t be explained by racism. Household income among Asian-Americans is the highest of any racial group — but Asians in the top 10% earned 10.7 times as much as Asians in the bottom 10%, the largest wealth gap of any racial group by a significant margin. Is that because of societal racism? How about the wealth gap between black Americans? The top 10% of black Americans earned 9.8 times as much as the bottom 10%. Presumably both groups are black..
https://www.dailywire.com/news/34292/how-much-racial-economic-gap-result-racism-ben-shapiro
