Cost of Racism

COST OF RACISM 3

Costof Racism

InstitutionAffiliation

Costof Racism

Discriminationand denial of equal rights to a person based on their race, tribe ornationality is termed as racism. The act prevents a person fromaccessing social and economic facilities that also affects theoverall development status of the community, region and ultimatelythe state. White and black communities face racism although thelatter faces more racial discrimination.

Racismcan be termed as expensive with immense cost. Aside from affectingthe physical and mental being of the victim, the oppressor alsoincurs costs due to a rebound effect caused by the act. According toFeagin &amp McKinney (2005), racial victims incur losses inform oflost salaries and wages. Majority of black people facing racism atthe workplace are underpaid in favor of other non-discriminatedraces. The employers are affected by the above practice sinceproductivity fails to reach the optimum levels hence resulting inlosses.

Amajor cost factor due to racism is incurred from lawsuits. Raciallawsuits affect more white people than black people. Evident is therecent case of Donald Sterling. The suit cost the owner of LAClippers the ownership of the team. With the advent of human rightsorganizations, the awareness of personal rights whether in a socialor economic sphere has increased. Racism incidents have attractedlawsuits that cost individuals and companies large sums of money indamage and courts fees. The amount of revenue lost while fightingcourt cases affects a company’s overall profit margins.

Racismdevalues and individual and causes the development of sub- standardbehaviors that in turn affect a person and community. Racism causesmental stress and has a negative cost to the mental being. A personwith psychological problems is unable to function properly whether athome, school or at work. However, racism affects all races, whetherwhite or black and awareness should be done against the vice.

Reference

Feagin,J. R. &amp McKinney, K. D. (2005). The many costs of racism. Rowman&amp Littlefield.