Introduction
The racial wealth that has been an issue in the American nation since their cities are uniquely and equal and they affiliated to the segregation along the ethnic lines. Consequently, people living in marginalized areas tend to be affected by a predominant challenge of having few opportunities for jobs, common problems in job recruitment and lack of better lives due to the ratio gap (Rumbaut, 2014). The level of income and the social class leads to the expansion of the wealth gap.
Neoliberalism portrayed by the fact that there are chances that show that white supremacy forms the aspect of an equal measure of opportunities which has predominantly brought about several challenges that align with racial lines (Rumbaut, 2014). Racial wealth gaps its brought up by many factors like increasing immigration and arrival to developed countries. For that matter, the racial wealth gap expanded when the immigrant people leave in under-developed cities which they find to be conducive concerning the social class that they belong (Goffman, 2009). The level of disadvantages in the neighborhoods promotes racial wealth gap which tends to affect the people living in the marginalized regions (Abrego, 2011). According to Desmond (2012 p. 89) "social scientists have proven that classical liberalism is the course of racial wealth gap" which is experienced in the world today. Classical liberalism is the course of capitalist discrimination which contributes to racial wealth the in the present day world.
Equal employment opportunities contribute to the massive incidents of fresh floral with a girl which tends to affect the people of color living in the American nation as compared to the whites. According to Hackworth (2007, 17), neoliberalism affected the local decision making which letter lead to the racial segregation that contributed to the difficulties in life and company made of prejudice. Prejudice added to racial worth and racial denial of job opportunities (Hackworth, 2007). Racial discrimination has caused black Americans to be seen as opportunity seekers concerning the new liberal cities (Abrego, 2011). Austerity has contributed to social welfare among black Americans concerning job opportunities, availability of social amenities and education centers (Abrego, 2011). The racial wealth gap is also contributed bye biased policy which tends to destroy the economic base of the racially discriminated people thus affecting the state of the industry in favor of the white supremacy. Schapiti (2018) Outline that racial wealth gap was promoted by the injustices that occurred due to inequalities portrait by white and black and white races. The American economy both ways that white people have ample opportunities to jobs and other economic opportunities as compared to the blacks who are majorly located in marginalized areas. Civil war and the neocolonial behavior in the American resulted in the contribution of the current widening racial wealth gap.
Conclusion
In conclusion, national wealth affects the racially discriminated people concerning their social economic and political capability in the society. It has also been found out that the social class level tends to favor the exalted rase while denying the marginalized people a chance to acquire wealth. The aspect also contributes to the racial wealth gap that a nation seeks to privatize most of its industries thus derailing the development and growth of the racially discriminated people through gentrification.
References
Abrego, L. J. (2011). Legal consciousness of undocumented Latinos: Fear and stigma as barriers to claimsmaking for firstand 1.5generation immigrants. Law & Society Review, 45(2), 337-370.
Desmond, M. (2012). Eviction and the reproduction of urban poverty. American Journal of Sociology, 118(1), 88-133.
Goffman, A. (2009). On the run: Wanted men in a Philadelphia ghetto. American sociological review, 74(3), 339-357.
Hackworth, J. (2007). The neoliberal city: Governance, ideology, and development in American urbanism. Cornell University Press.
Rumbaut, R. G. (2014). Moving: Patterns of Immigrant Settlement and Spatial Mobility.
Schapitl, L. (2018). The racial wealth gap is where yesterday's injustice becomes today's inequality. And it's growing. Retrieved from HYPERLINK "https://www.vox.com/2018/5/23/17377084/racial-wealth-gap-explained-netflix" https://www.vox.com/2018/5/23/17377084/racial-wealth-gap-explained-netflix
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