Commentary: What We Get Wrong About Closing the Racial Wealth Gap

Monday, April 16, 2018
Fortune Magazine

For decades we have been told that hard work and greater effort on the part of black Americans, not systemic reform, is the key to closing the racial wealth gap. Earlier this month a poll from The Economist/YouGov found that 40% of whites think that blacks could be just as well off as whites if they only tried harder.

In a new report I co-authored with William Darity of Duke University and Darrick Hamilton of the New School, “What We Get Wrong About Closing the Racial Wealth Gap,” we state it to be false that trying harder, mimicking “successful” ethnic groups, or a number of other myths we address will correct the issue of growing wealth disparity. In our findings we systematically demonstrate that the narrative that places the onus of the racial wealth gap on black defectiveness is false in all of its permutations.

Read the full commentary here.