Among all ethnic and racial groups in the United States, including Black and Latino Americans, it’s Asians who today have the biggest income gap between the top 10% and the bottom 10%, according to a 2018 report by the Pew Research Center.
Similarly, government surveys indicate that, compared with white people, Asians in America are more likely to have lost earnings and fallen behind on rents or mortgage payments since the outbreak of COVID-19.
…Asian Americans also are three times more likely than white people to have less than a ninth-grade education, according to census data compiled by Brookings Institution demographer William Frey.
The Pew study noted that poverty rates were as high as 35% among Burmese, 33% among Bhutanese, and 28% among Hmong and Malaysians, about double or more than for the U.S. as a whole.
Individual acts of anti-Asian violence are offsprings of corporate anti-Asian violence
“Racial violence against Asians has been initiated by corporations and the government in order to make profit, and is part and parcel of our political economic system which perpetuates racism for all nationalities in particular working folks.”