(Bloomberg) -- Black workers earn less than their white counterparts in a worsening trend that holds even after accounting for differences in age, education, job type and geography, new Federal Reserve research shows.
In 1979, the average black man in America earned 80 percent as much per hour as the average white man. By 2016, that shortfall had worsened to 70 percent, according to research Tuesday from the San Francisco Fed, which found the divide had also widened for black women.
“Especially troubling is the growing unexplained portion of the divergence in earnings for blacks relative to whites,” San Francisco Fed Research Director Mary Daly and her fellow authors wrote in the report, adding that this could owe to hard-to-measure factors including discrimination or school-quality differences.
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