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.
Come to think of it, the race to the courthouse might be interesting. One would need to find a member of the injured class with a good story to tell. With 60 percent of the nation’s population in the injured class, that shouldn’t be hard. But where?
Maybe Idaho, but not a college town. Or the UP of Michigan. Southern Indiana, staying away from Bloomington or Evansville. Should be plenty of options.
How odd is that? The “racism” word is nowhere to be seen in the article.
Of course, everybody knows it is impossible to be racist against white folk, so there’s no need for that ugly word in this article.
LOL —> “...a testament to the pervasiveness of legally tenuous diversity programs throughout corporate America.”
No, a testament to pernicious racism.
Yes, good points!
/sarc
What's even more odd, is that this clearly racist practice was reported to the Equal Employment Opportunity Commission itself.
Of course, seeing that only 6% of whites were hired between 2020 and 2021...the EEOC will definitely be investigating this. Right?
/rhetorical
Young white folks paid big money to go to college in many cases to get good jobs with the big companies. Their four years of hard, time-consuming, stressful school work should have been expected to pay off.
Their near-total, systematic, racist exclusion means many large company white job applicants should be entitled to NYC teacher scale payouts (sometimes ~$2 million/each).
I’m just glad I’m retired. Hope you kids get this thing figured out without it becoming a shooting war.
My thoughts exactly.
Anti-white hate is hate.
Anti-white racism is racism.
Agree.
Which, at the end of the day, are both simply Marxism.
Fortunately, it’s not that hard, generally speaking, unless we’re talking about pro-football or basketball. The races bring their own specific strengths to the table for every occupation. That’s why most (if not all) of the top mathematicians are Jewish (and no, I’m not Jewish).
And yeah, people will interpret my post as “racic’”, but facts is facts. It’s no really deniable. In fact, ignoring reality is part of our problem.
Retail is dead, growth tech is dying, and people have less money to spend.
They’re about to have a LOT less money to spend.
Go to work for SMBs and in your community.
I keep trying to tell my Uber-Trump friends that it won’t really matter if he wins. Nothing can stop the collapse of the dollar.
“Doubtful”
My 30-ish niece told my sister last month “My generation cannot wait for your generation to die off.”
What an absolutely horrible thing to tell your mom. I never, ever remember thinking that about my parents’ generation.
“Doubtful” - indeed.
No, it’s not going down like South Africa as there it is 80% black, 8% white. I hope they do not experience a Rwanda, but expect they will as the country depends into chaos and the electric grid shuts down.
Outside of blue hive cities there are few areas with that demographic split here. I don’t see most of Murica experiencing problems of that nature. Especially in fly over country. I fear more the Bolshevik take-over as I’m well versed in their history.
I thinknin the long run, America will split up. We're too big and diverse to be governed effectively.
IIRC-—IT accelerates downhill.
I would bet that your sister has FORGOTTEN more than the niece will ever know.
“I would bet that your sister has FORGOTTEN more than the niece will ever know.”
You’ve got that right. My sister is always appalled at her daughter’s ignorance of history and totalitarianism, that she can’t see where this nation is headed.
That’s okay. Nearly 100% of the Senior Executive Service positions in the fascist federal government are held by white men. The racist deep state is cool with that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.