Income & Social Status
The wealth gap between the richest and the poorest populations exhibits considerable health disparities which have contributed to race and/or racism. Evidently, when observing the U.S currently population weekly and hourly earnings data, there has been income inequality from 1970 to 2010 by Black, White, and Hispanic populations showing weekly median earnings for black men relative to white men was 69%, for white women it was 58% and for black women, while it was 48% back in 1970 (Non et al., 2012).
Furthermore, in 1975 it was 49% for Hispanic women (Non et al., 2012). Therefore, this statement displays that in 1975 Hispanic women were making half the amount of a white man. Looking at 2010, there are still significant differences where black men are making 75% of white men and Hispanic women are making 59% of white men (Non et al., 2012).
Hence, we realized that race can make a contribution to income where it was evident that Hispanics and Blacks were making less than White and Asians. Secondly, when observing the median usage weekly earnings of foreign-born full-time wage and salary workers as a percent of native-born worker earnings, we noticed that foreign-born Hispanics were earning 83% of native-born Hispanics.
We realized that this was due to discrimination, the fear of deportation (not protected by laws), and lack of political power. Gaps in income between Black and White households reveal the effects of accumulated inequality and discrimination, contributed through the differences in power and opportunity which have been traced back through history.
In terms of social status, racial stratification can also increase socioeconomic disadvantages and other risk factors which could negatively affect minority populations relative to Whites, solely under one’s income and level of social value one’s considered to hold. Biological differences/genetic inheritances (skin color, hair type, eye color, athletic ability) between racial groups can make significant influences on one’s income and social status in a society where an individual’s ascribed status and stereotypes can be assumed under one’s sex, age, race, family relationships, and birth which can be influenced under accumulated inequality, discrimination and differences in power and opportunity.