Except it doesn't even take a second for the password input to appear. Where are you getting those numbers from anyway? When I tried it, it only took about 152 ms for all the data to load after submitting the e-mail address.
It depends greatly on your location, connection and browser. Many users are stuck on low quality internet connections or mobile devices where things can easily take a full second or more.
You don't have to be in a minority in order to be marginalised. It's like saying that since black people make up the majority of South Africa, the idea that the white minority could oppress them is laughable. It has more to do with power than numbers.