Insights Download: Racial Equity Begins at Work: The Crucial Role of Earnings and Benefits in Closing the Wealth Gap

Employers’ Role in the Racial Wealth Gap

At MLT, we understand the influence that employers hold in shaping a more equitable society. This white paper explores the critical role that organizations play in addressing the persistent racial wealth gap in the United States. Despite years of advancements in civil rights, economic disparities remain staggering, with the median wealth of Black households representing just 16% of that of White households. By adopting equitable practices—such as pay equity, fair hiring, and comprehensive benefits—employers can actively contribute to narrowing the wealth gap and fostering a more inclusive workplace. 

Key White Paper Highlights and What You’ll Gain:

• Deepen Your Understanding of the Wealth Gap
  • Understand the historical and systemic factors that contribute to the racial wealth gap, revealing why Black households hold only 16% of the wealth of their White counterparts. 

• Recognize the Power of Employers 
  • Discover how employment practices—including pay equity and holistic benefits—play a vital role in addressing these disparities and enhancing workforce diversity. 

• Challenge Common Misconceptions
  • Gain clarity on the realities of racial wealth disparities and uncover the true drivers of inequity. Understand how equitable employment practices benefit not only individuals but also drive organizational performance, innovation, and retention.

• Access Practical Insights
  • Equip yourself with actionable strategies that organizations can implement to promote inclusivity and drive meaningful, sustainable change. Get inspired by real-life examples of companies that have successfully implemented changes leading to measurable improvements in equity and inclusion.

Join the Movement Toward Economic Equity and Mobility

By downloading Racial Equity Begins at Work, you become part of a critical conversation on how to leverage the power of employers to create lasting change. Empower your organization with practical insights and actionable strategies from MLT. Join us on this journey to create a more equitable future.