Posted on 09/27/2023 12:08:31 PM PDT by rxsid
Just 6 Percent of New S&P Jobs Went to White Applicants in The Wake of George Floyd, Analysis Shows
Only 6 percent of new S&P 100 jobs went to white applicants in the year after George Floyd’s death, according to an analysis by Bloomberg News, a testament to the pervasiveness of legally tenuous diversity programs throughout corporate America.
The analysis, based on data reported to the Equal Employment Opportunity Commission, shows that S&P 100 companies added 323,094 new jobs between 2020 and 2021. Of that total, 302,570 of them—94 percent of the total increase—went to "people of color," defined as blacks, Asians, and Hispanics, the analysis found. Together, those groups make up just 40 percent of the U.S population.
The disparities raise new questions about the role of race in corporate hiring, which is already under scrutiny following the Supreme Court’s ban on affirmative action in college admissions. With many companies and law firms now facing lawsuits over their diversity programs, the numbers suggest that race-conscious decision-making has gone beyond flashy fellowships or supplier diversity initiatives; in 2020, it appears to have permeated routine employment decisions.
"These numbers are extraordinarily stark," said Dan Morenoff, the executive director of the American Civil Rights Project, which litigates reverse discrimination cases. "It’s very hard to imagine this could be legally defensible."
Morenoff added that "disparate impact," or disparities in outcomes, can be a basis for liability even without proof of intentional discrimination. The Justice Department used this theory last year when it sued Meta, Facebook’s parent company, on the grounds that the platform’s algorithms affect users differently based on their race.
The shocking numbers may reflect the efforts by C-suites to incentivize workforce diversity through financial means. Starbucks, Facebook, BlackRock, and Verizon all tie executive compensation to racial targets , and other companies have even written those targets into their credit agreements with banks, tying the cost of borrowing to minority representation.
"The more a company seeks to ensure diversity ‘goals’ are achieved through significant financial pressure, the higher the risk that a court might find that such ‘goals’ actually are unlawful quotas," Andrea Lucas, a commissioner at the Equal Employment Opportunity Commission, told the Washington Free Beacon in July.
There has also been a massive uptick in the number of blacks featured in commercials. About 13% of the population nationally, 10% in our area...and they are either exclusively, or the main actors in at least 70% of the commercials.
This type of "reverse" discrimination isn't doing the nation any good.
Just 6 Percent of New S&P Jobs Went to White Applicants in The Wake of George Floyd, Analysis Shows
A white man has to be twice as good as a black man to get a job..................
I’m just glad I’m retired. Hope you kids get this thing figured out without it becoming a shooting war.
Every generation has their own unique cross to bear, though they all seem to be made of the same wood that is the spirit of man.
That’s how I can keep from getting in the weeds on this regarding my children and grandchildren. We live in a lost and fallen world. None of any of this stuff should surprise anyone. It’s how the world works until the Lord returns. Prepare accordingly...
Welcome to South Africa...
Worse to come...
The slaughter of the white population has already been implemented...
Like my tagline.
I wouldn’t be surprised if 70% of the network TV audience in the U.S. today is black.
There should be some pretty good class action lawsuits stemming from this.
Surely there are a couple of trial lawyers interested in a case with 60 percent of the nation’s population in the injured class and every big business deep pocket in the country in the wrong. Surely?
Good advice.
Indeed. I wouldn’t be surprised if those miserable miscreants Gyorgy Schwartz and the WEF was behind this.
It's blatantly obvious.
This of course means that not only are white significantly underrepresented, but so too are hispanics and asians.
Because, everyone knows, only "black lives matter."
This country is deeply infected with the twin diseases of liberalism and wokeism.
Industries which hire based on merit were not affected.
It still surprises me to see the milquetoast statements “All lives matter” and “It’s ok to be white” labelled hateful and racist.
Sounds like lawsuit time by the shareholders. Mgmt should be hiring the best they can find, to maximize the shareholder value. Otherwise, they should be in prison.
I generally don’t “root” for lawers, but yes...let’s hope there are many class action lawsuits stemming from this.
Personally, I think TV commercials are aimed at stupid, gullible people. You can draw your own conclusions about that.
So what I’m getting is: “short the S&P 100”.
I don't like to see the nation devolving into a reverse discrimination situation like what's happening...not only in hiring for commercials, but also in corporate hiring.
It's destructive, it's immoral and it's illegal.
Awareness and pushback is required.
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