The economic status of Black Americans remains far behind their white counterparts in terms of income, net worth, home ownership, stock ownership, business entrepreneurship and other metrics, according to a new report from research and consulting firm, McKinsey Global Institute.
According to a story on Forbes.com Nearly half of Black workers are employed in the healthcare, retail, accommodation and food service industries with the “vast majority” in lower-paying service roles instead of professional or managerial roles.
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