Barriers for Black women set U.S. economy back by $500 billion, report finds

The wage gap and barriers to economic mobility have not only set Black women’s advancement back, but also depressed the United States economy by about $507 billion over the past six decades, according to a new report from financial services firm S&P Global.

The report, released Tuesday, found that if educational attainment among Black women had kept pace with White women from 1960 to 2019, the U.S. economy would have generated an additional $107 billion in economic activity. That figure swells to half a trillion if Black women had been in positions that better matched their education and skill sets during that time period.

Read the full article at 19th News

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The Center for Advancing Racial Equity and Job Quality in Long-Term Care (The Center for Equity) is a national hub for developing innovative workforce policy and fostering narrative change in long-term care (LTC). Our work centers the majority Black, Indigenous and people of color (BIPOC) women and immigrant caregiving workforce and confronts the links between systemic racial and gender inequities and poor job quality. We unite diverse stakeholders in service of building the equitable caregiving infrastructure our nation needs.

The Center for Equity is an initiative of the Healthcare Career Advancement Program (H-CAP), a national labor/management organization which works with employers, unions and workers to raise standards across the healthcare industry. The initiative is generously funded by the W.K. Kellogg Foundation.

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Barriers for Black women set U.S. economy back by $500 billion, report finds