Racial and Gender Inequalities Expand During the Pandemic

The video discusses the growing wealth gap between Black and white families in the US, highlighting the impact of redlining on homeownership. It also examines the gender pay gap, particularly during the COVID-19 pandemic, and its effects on women in the workforce. The economic consequences of these disparities are significant, with potential gains from gender parity and losses from the racial wealth gap being substantial.

What historical practice contributed significantly to the racial wealth gap in the US?

• Redlining

• Gerrymandering

• Segregation

• Tax Evasion

How has the gender pay gap changed since the 1970s?

• It has remained the same.

• It has widened significantly.

• It has narrowed but progress is slow.

• It has completely closed.

Which group was particularly affected by job losses during the COVID-19 pandemic?

• Men in technology

• Women of color in service industries

• Teenagers in retail

• Elderly in healthcare

What is the estimated economic cost of the racial wealth gap in the US over two decades?

• $28 trillion

• $16 trillion

• $250 billion

• $116 trillion

According to Bank of America, what could be the potential increase in global GDP with gender parity by 2025?

• $16 trillion

• $28 trillion

• $116 trillion

• $250 trillion