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Can we defederate from rdq2.net?
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I think it's a bit ancillary but yes, one of the benefits for the racist is that by defining others as being part of the outgroup, they place themselves in the ingroup and thereby have people they can rely on with a common cause they both oppose (the flourishing of the minority group).
But probably the most concrete reason is economic (I was using "social" in its broadest sense), specifically that the brutal marginalization of minorities pushes them into the position of an underclass, whose labor value is the most exploited, meaning where ever the poor racist ends up in life, it is less likely to be there at that bottom rung, while the richer racists get cheap labor.