Final answer:
The racial wealth gap has persisted over the last 20 years and is deeply rooted in systemic racism. Factors such as labor market discrimination and limited access to education and job opportunities contribute to the gap. Efforts to address the gap include advocating for policies promoting economic equity and challenging systemic racism.
Step-by-step explanation:
The racial wealth gap has persisted over the last 20 years and is deeply rooted in historical and ongoing systemic racism. Despite some progress in reducing the gap in the late 1960s and 1970s, it has since widened again. For example, the ratio of total earnings of black male workers to white male workers rose from 62% in 1964 to 75.3% in 2013, according to the Bureau of Labor Statistics.
Factors such as labor market discrimination, limited access to education and job opportunities, and the concentration of wealth among a small percentage of the population contribute to the racial wealth gap.
Efforts to address and resist the racial wealth gap include advocating for policies that promote economic equity, providing equal access to quality education and job opportunities, and challenging systemic racism in all its forms.