Economic Impact Of Hate Crimes
Hate crime can be referred to as bias-motivated crime when a person or group is targeted because of their association with certain social groups which is in turn structured by race, religion, sexual orientation, class, disability, gender, nationality, social status, political affiliation and so on. |
In the US, the American Psychological Association states that the more one is exposed to such crimes the more their levels of psychological stress will be which will cause their loss. The stressed individuals will seek medical help to overcome the stress. This will incur unplanned expenses due to the changes they will have to undertake. The individual will suffer from social burden by not getting opportunities for work by virtue of being associated with certain group and the financial burden will add further to the existing state of affairs. Such individuals will be affected physically as well and will be unable to go about their daily chores. This might require them to take drugs to cope up with somatic complications which will add on to their financial burden.
Most hate crimes are committed in offices or schools. This adversely affects morale of the employee which in turn will affect relations with their peers. On the part of the employer, such incidences may result in lawsuits being framed against the employer. Such discredits on the name of the organization can cause losses too. Loss of revenue to stores can result since such people become recluses and do not venture to shop. Sometimes hate crimes can infuse a sense of insecurity in the business owner and this can result in the owner closing his business. This, in turn, not only causes financial loss to the owner, but also the society.
School going children subjected to hate crimes will suffer from loss of self esteem and this will affect their performance and sense of security.
During phases of economic distress in most countries, racial and ethnic hate crimes get reported. But this does not necessitate weak economy to be a fall out of hate crime alone. Ill-treatment of African-Americans during the depression d of depression was due to the impression created about this group which was propagated internally rather than the economic status.
Hate crime is obvious when a minority group is brought into a homogeneous crowd. They pose to become threat to the locals with respect to job opportunities due to increase in competition. This may create a sense of threat to the very existence of the locals which will trigger them to react with hate crimes against the people, especially migrants or newcomers.
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Economic Impact Of Hate Crimes
Hate crime is targeted against an individual or group by virtue of their association with certain groups based on religion, race, political affiliation, class, gender, nationality and so on. 
