Take the following as truth: So in order to believe that discrimination explains the black/white wage differential, you must believe that managers throughout the industry are so blinded by racism that they are willing to throw away a 150 percent gain for their stockholders, and the acclaim of all Wall Street for themselves.
Then the following statement: "You have to believe that the white managers are completely racist." is true, false, or inconclusive?
Answer: Inconclusive