The paragraphs below are from the latest issue of The Economist. The first argues against discrimination as the reason black men make 70 cents on the white man's dollar. It is the same basic argument I, and others, have been making regarding the gender wage gap. The second is the most compelling statistic I have ever seen in arguing against discrimination as the answer. I would love to hear Mercadia, Degsme or whoever explain this little jewel away.
"For every dollar that a white man earns, a black man makes only 70 cents. Such figures are sometimes bandied around to imply that nearly all of this gap is caused by discrimination. That is bunk. If a firm could really get the same work done 30% more cheaply simply by hiring blacks, someone would have noticed and made a fortune doing just that."
"A black woman with a degree earns as much as a white woman with a degree. But with a professional degree, the black woman earns 30% more (see chart 2). That does not prove that law firms discriminate in favour of black women—though they may. Another explanation is that a skilled white woman is more likely to have a rich husband (or indeed any husband), and so may have less incentive to maximise her earnings."